Why Is Trump’s Crypto Surging?
Donald Trump’s cryptocurrency has seen a significant price surge following his announcement of two exclusive events for top investors. According to the coin’s official website, the 220 largest holders will receive invitations to a private gala dinner with the former president on May 22—billed as “the most EXCLUSIVE INVITATION in the world.”
Coinbase reports that the Trump meme coin spiked more than 70% after the news, although it still trades well below its January peak of over $74. The token is part of a broader trend of Trump-linked crypto ventures, with Trump previously calling himself the “crypto president.”
Alongside the gala at Trump National Golf Club in Washington, DC, the top 25 coin holders will also attend an ultra-exclusive VIP reception with Trump himself.
Currently, the total market value of the Trump tokens in circulation sits at approximately $2.5 billion. The coin launched just days before Trump’s inauguration on January 20. However, not everyone in the crypto space is impressed—some have dismissed the initiative as a publicity stunt.
Adding to the crypto push, Melania Trump also launched her own digital token ahead of the inauguration.
Meme coins like this one are often used by speculators or as a way for fans to express support for celebrities or cultural moments.
Since returning to office, Trump has signed an executive order forming a presidential working group to explore new crypto regulations. He's also directed the creation of a Strategic Bitcoin Reserve and a Digital Asset Stockpile, filled with digital assets seized by the government.
In parallel, Trump Media & Technology Group—the parent company of Truth Social—announced plans to launch exchange-traded funds (ETFs) focused on digital assets and U.S.-based stocks, under a "Made in America" theme. ETFs are investment vehicles that bundle assets and are traded like individual stocks.