President Trump's meme coin, $TRUMP, surged by as much as 58% on April 23, 2025, after its website invited the top 220 holders to an "intimate private dinner" with the president on May 22 at the Trump National Golf Club in Washington, D.C. The coin had previously lost 88% of its value since its peak of $75.35 on January 19, 2025.
- Recent Surge: The TRUMP coin saw a significant price increase of up to 58% on April 23, 2025, after announcing an exclusive dinner invitation for top holders. The dinner will take place on May 22 at the Trump National Golf Club in Washington, D.C.
- Token Unlock: On April 18, 2025, a major token unlock of 40 million tokens was set to release, which was expected to cause a significant drop in the coin's value. However, the coin's price did not collapse as anticipated, and it even saw a modest gain over the weekend.
- Initial Launch: The TRUMP coin was launched on the Solana blockchain on January 17, 2025, just days before President Trump's inauguration. At its peak on January 19, 2025, the coin reached a value of $75.35, but it has since lost nearly 90% of its value.
- Family Involvement: Both President Trump and his wife, Melania, have their own meme coins, with $MELANIA now selling for about 49 cents each, down from a peak of $13.76 on January 19, 2025.
- Regulatory and Market Impact: The launch of the TRUMP coin and other related crypto projects raised expectations for changes in U.S. cryptocurrency policy, potentially leading to a "golden age" for cryptocurrencies under the Trump administration.
- Community and Political Sentiment: The coin's value is heavily influenced by political sentiment and meme energy, making it unpredictable and driven by the loyalty of its community.
