President Donald Trump is set to host a gala for the top 220 holders of his $TRUMP meme coin at his private golf club in Washington, D.C., on May 22. The event is part of a broader effort to promote the coin, with holders encouraged to retain as much $Trump as possible between April 23 and May 12 to improve their rank. The top 15 holders will receive special perks, including an exclusive reception with Trump and a VIP White House tour, as outlined on the project’s official website.
Trump’s support for crypto has been growing since he took office in January, appointing pro-crypto regulators and hosting a crypto summit. The launch of the $TRUMP meme coin in late January marked a new chapter in his relationship with the industry, although the project has faced criticism from some crypto insiders who believe it distracts from more serious blockchain advancements. Melania Trump has also released a token of her own, signaling a deeper family engagement with the crypto space.
As of Wednesday, the value of the $TRUMP token surged to nearly $14, up from around $9 earlier that day. This price spike reflects growing interest, especially with the gala approaching. The event follows a similar initiative from last year, where Trump hosted a dinner for supporters who bought his "Mugshot Edition" NFTs tied to his 2023 arrest. This mix of politics, pop culture, and crypto is creating a buzz, placing Trump at the intersection of digital assets and political branding.
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