#$TRUMP meme coin," often ticker symbol $TRUMP, is a cryptocurrency on the Solana blockchain that gained significant attention due to its association with the current U.S. President. Here's a rundown of key aspects:

Origin and Purpose:

* It launched on January 17, 2025, just before the then President-elect's inauguration.

* The coin's website declared it the "only official Trump meme."

* Its logo features a cartoon image of him.

* Despite the name, initial concerns arose about its legitimacy and direct affiliation, but these were later dispelled when he acknowledged it on social media.

Market Performance and Dynamics:

* The coin experienced rapid price surges after its launch and following endorsements on social media.

* However, it has also been subject to significant volatility, typical of many meme coins.

* Its market capitalization has fluctuated considerably since its inception.

* Trading volumes can be very high during periods of increased interest.

Key Events and Developments:

* Recently, the coin's price surged after an announcement of a private gala dinner for the top 220 holders, scheduled for May 22 at his Washington golf club. The top 25 holders will also receive a White House tour.

* This event, promoted as "the most exclusive dinner in the world," caused a significant price increase followed by a sharp decline as some investors took profits.

* Holders needed to have held a substantial amount of the $TRUMP token between April 23 and May 12 to be ranked for the dinner invitation.