The price of the TRUMP meme coin, launched by the President of the United States, soared more than 70% after a promise to hold 2 special events for the largest token holders appeared on the project's website.
The announcement states that the 220 largest token holders will be invited to a private dinner with D. Trump. The dinner is scheduled to take place on May 22, 2025, at the Trump National Golf Club in Washington, D.C. Additionally, 25 selected token holders will be invited to a private VIP conversation with the President of the United States. D. Trump called it 'the most exclusive offer in the world.'
Lookonchain analysts discovered that one of the investors, inactive for 5 months, bought 123,228 TRUMP after the announcement appeared. To acquire the tokens, the investor withdrew 1.5 million USDC stablecoins from the Binance exchange.
The current total value of TRUMP tokens in circulation is about $2.5 billion. The meme coin was launched a few days before the inauguration of D. Trump, which took place on January 20, 2025.