$TRUMP memecoin experienced a significant surge, climbing over 60% following an announcement that President Donald Trump will host a private gala dinner for the top 220 coin holders on May 22 at Trump National Golf Club in Washington, D.C. The top 25 buyers are additionally promised a VIP reception and special tour with the president. 

This initiative is part of a broader push by Trump and his family into cryptocurrency ventures, including launching the exchange World Liberty Financial and expanding Trump Media & Technology Group’s crypto finance operations. The coin, initially launched before Trump’s January 20 inauguration, has generated at least $350 million in fees for entities tied to the president.