After President Donald Trump announced a dinner event with 220 of the most influential people, the price of this coin surged over 60% on April 23. This event is seen as a sign of the end of the bear market, especially when $Bitcoin has recovered beyond the $93,000 mark.

However, it is important to note that the price increase may not be sustainable if the project cannot address investors' concerns about token unlocking. Currently, it is trading with a market capitalization of $2.6 billion, but 80% of the supply has been allocated to founders and entities controlled by Trump.