The cryptocurrency market is buzzing with U.S. President Donald Trump's formal dinner party for top TRUMP meme coin holders. The event today, Thursday, May 22, reflects the increasing political attention towards the cryptocurrency market and how digital currency continues to influence beyond the tech realm.
With his presence in the cryptocurrency market, Donald Trump has highlighted the increasing political interest and changes in cryptocurrency regulation. The latest crypto dinner could be a catalyst and set the stage for mainstream cryptocurrency adoption and potentially improve the legitimacy of cryptocurrency.
Among the various cryptocurrency sectors, meme coins are the most popular cryptocurrency assets, with a unique combination of a strong community, viral memes, and speculative potential. While the Gala Dinner has created a trend, it is expected to impact several meme coins in the industry, primarily relating to Trump and similar associations.
What is Donald Trump's Crypto Dinner?
Donald Trump's Crypto Dinner, also known as the Gala Dinner, is an exclusive dining experience for top TRUMP cryptocurrency investors. Launched in January 2025, the TRUMP cryptocurrency quickly surged to $75, with an initial public offering of 200 million tokens while retaining 800 million tokens through entities associated with Trump.
The exclusive dinner party was announced in April, with invitations sent to 220 top TRUMP coin holders, of which the top 25 holders will enjoy additional VIP amenities. This dinner party is scheduled for today—May 22, 2025—at Trump's Virginia Golf Club at 7:00 PM Eastern Time.
Top Memecoins to Watch in the Gala Dinner
Here are the top 5 meme coins related to Donald Trump that investors will closely watch during the formal dinner party;
TRUMP (Official Trump Meme Coin)
The TRUMP meme coin was launched by Donald Trump on January 17, 2025, on the Solana blockchain. Just hours after its launch, the meme coin attracted widespread attention, reaching a market capitalization of over $14 billion by January 19.
Launched a day before his inauguration, the TRUMP meme coin emphasizes Donald Trump's victory in the U.S. presidential election and his advance into cryptocurrency, leveraging his political brand.
At the time of writing, the meme coin TRUMP is trading at $14.4, with a market capitalization of $2.89 billion. Its price has increased by 72% since the announcement of the dinner party. This massive surge highlights investor interest surrounding the hype of the dinner party.
Beyond the financial aspect, the TRUMP meme coin also serves as a digital extension of the Trump persona, providing holders with the best way to interact with him.
MELANIA (Official Melania Meme Coin)
The MELANIA meme coin was launched right after the TRUMP meme coin on January 19, 2025. This is a Solana-based meme coin introduced by Donald Trump's wife and First Lady Melania Trump. This launch marks the couple's joint step into the cryptocurrency ecosystem.
According to CoinMarketCap, MELANIA is currently trading at $0.38, with a market capitalization of $211 million. The current 24-hour trading volume is $38.54 million, with a circulating supply of 549.99 million tokens.
With Donald Trump's dinner party, interest in the MELANIA meme coin has surged, as its 24-hour trading volume skyrocketed by 20%.
MAGA Meme Coin
MAGA is one of the oldest Trump-themed meme coins, launched in August 2023 on Ethereum. It is inspired by Donald Trump's viral slogan 'Make America Great Again.'
Unlike TRUMP, MAGA is not the official meme coin released by Trump. It was developed by a group of anonymous developers. MAGA is not affiliated with Trump but leverages his political viewpoint to attract a community of supporters and cryptocurrency enthusiasts.
MAGA is currently trading at $0.2054 with a market capitalization of $9 million. It surged to $17 in June 2024, at the peak of its trend.
The MAGA meme coin gained popularity due to charitable efforts, directing proceeds to U.S. veterans and child protection initiatives. This charitable angle and its political theme have helped it thrive in the competitive meme coin market.
DOGE (Dogecoin)
DOGE is the first meme coin in the cryptocurrency ecosystem, launched on December 6, 2013, by software engineers Billy Markus and Jackson Palmer. This token features a Shiba Inu dog from the 'doge' meme, which became popular for its humorous approach and active community engagement.
DOGE is currently trading at $0.24 with a market capitalization of $36 billion. Since its launch, the price of DOGE has increased by over 40,000%. With the growing popularity of Trump's crypto dinner, Dogecoin has seen a rise of over 46% in the past month, highlighting the close connection between Trump's activities and its price.
Dogecoin is often endorsed by celebrities like Elon Musk, and its price has skyrocketed due to political events related to Trump, such as Donald Trump's election and the establishment of the Department of Government Efficiency (DOGE).
Final Words
Donald Trump's Crypto Dinner highlights a step towards the adoption of cryptocurrency. By combining political influence with digital innovation, Trump promotes trust in the memecoin market.
The increasing intersection of politics and cryptocurrency could drive stronger community engagement and open new opportunities for investors.
However, as we all know, cryptocurrency is a volatile market; therefore, before investing, do your own research and only invest what you can afford to lose to avoid any financial losses.
