This week, the value of the Trump memecoin jumped by more than 50% after the project announced that the top holders of the token are invited to an exclusive dinner with Donald Trump. A bold move – but one that had impact.

Exclusive Dinner for Top $TRUMP Investors

On May 22, a special event is scheduled to take place in Washington D.C. The 220 largest holders of the $TRUMP token will gain access to a dinner with the former president. For the top 25 wallets, there is even an additional reception and a VIP tour of the White House planned.

A Comeback After a Sharp Drop

Although the Trump memecoin lost 70% of its value earlier this year, the current market cap still sits at approximately $2.7 billion. This puts the token back on the radar of many crypto enthusiasts. The recent surge makes it one of the best-performing coins of the week.

Limited Liquidity Increases the Tension

Only 20% of the total supply of $TRUMP tokens is currently available for trading. The remaining 80% is held by insiders and locked under a three-year vesting schedule. The first release is scheduled soon. This could lead to renewed price action – depending on insider decisions.

No Product, But Strong Community

As with many memecoins, there is no tangible product or service behind the project. Its strength lies in the community, the symbolism, and – in this case – the connection to a well-known public figure. According to project information, the majority of tokens are controlled by entities linked to the Trump family.

Stay Cautious with Hype-Driven Projects

While price surges like this may seem attractive, it is important for investors to stay well-informed. Hype is powerful, but often temporary. Always do your own research and be aware of the risks that come with highly volatile projects like memecoins.

Disclaimer: This is not financial advice. Always consider doing your own research and seek professional guidance.