$TRUMP The price of Donald Trump's cryptocurrency has skyrocketed after the US president promised to hold two special events for the top investors, reports BBC.

The official website of the $Trump coin states that the top 220 investors will be invited to a private gala dinner with the president, scheduled for May 22, describing it as "the most EXCLUSIVE INVITATION in the world."

According to the crypto trading platform Coinbase, the value of the $Trump coin has increased by over 70% after the announcement. However, it remains well below the record of over 74 dollars, reached shortly after its launch in January. This digital coin is one of several crypto initiatives launched by businesses affiliated with Trump, who has proclaimed himself the "crypto president."