**🚀 Trump Meme Coin ($TRUMP) Surges 60% After Exclusive Dinner Offer**
The Solana-based meme coin **$TRUMP**, launched by former President Donald Trump, skyrocketed 32–60% on April 24, 2025, following an announcement inviting its top 220 holders to a private dinner with Trump at his Washington, D.C., golf club. The event, slated for May 22, includes a VIP reception for the top 25 holders and a "Special Tour," fueling speculation about Trump’s crypto-friendly agenda.
**Key Details:**
- **Price Action**: $TRUMP spiked to $14.32 post-announcement (up 58% intraday) but remains 83% below its January 2025 all-time high of $75.35. As of today, it trades at ~$12.41–$12.45, with a market cap of $2.48 billion.
- **Ownership**: Trump-linked entities control 80% of the 1 billion token supply, netting $350 million in fees and sales. Critics argue this creates conflicts of interest as Trump pushes pro-crypto policies.
- **Volatility**: The coin’s value has swung wildly, dropping to $7.14 in early April before rebounding. A delayed token unlock (90 days) may stabilize prices short-term.
**Controversy**: Ethics watchdogs condemn the promotion as "presidential grifting," accusing Trump of monetizing access. Meanwhile, the White House denies conflicts, stating Trump’s assets are managed by his children.
**Outlook**: While $TRUMP thrives on hype, its long-term viability hinges on Trump’s political moves and regulatory shifts. Investors eyeing this meme coin should brace for turbulence — and maybe a dinner RSVP.
*(Data as of 2025-04-24)* 🔥