#dinnerwithtrump The price of Donald Trump's cryptocurrency has soared after the US president promised to host two special events for its top investors.

The website for the $Trump meme coin says its 220 biggest holders will be invited to a private gala dinner with the president on 22 May, describing it as the "most EXCLUSIVE INVITATION in the world."

According to crypto trading platforms $Trump jumped by more than 70% after the announcement. But it remains well below the record high of more than $74 (£42.40) reached shortly after its launch in January.

The digital currency is one of several crypto-related ventures launched by businesses linked to Trump, who has called himself the "crypto president".