$TRUMP Crypto Spikes Over 70 Percent Following Event Announcement

$TRUMP, the meme coin tied to Donald Trump’s name, saw a sharp price jump on Wednesday after the project’s website advertised a private dinner with the former U.S. president. The offer, targeting the top 220 token holders, sparked heavy trading and helped push the token to its highest value in over a month.

Good to know

• TRUMP token gained over 70% after a dinner invite with Donald Trump was posted.
• 75% of the token supply remains locked, with another large unlock due in July.
• The project has faced backlash for insider-heavy allocations and its timing around Trump’s presidency.

A banner on the token’s official site read, “Join President Donald J. Trump at his Private, Members-Only Club in Washington, D.C. for Dinner!” That invite sent the token climbing over 70%, briefly hitting $16 before dropping back under $13. Even after the retracement, the coin held a 43% gain over 24 hours.

The timing of the event is worth noting. Less than a week ago, $300 million worth of $TRUMP tokens were unlocked and added to the circulating supply, according to data from CryptoRank. Although that large release inflated supply, the token still saw heavy buying following the dinner announcement. Over the next two years, an additional 500,000 $TRUMP tokens will unlock every single day.

Currently, around 75% of the total $TRUMP token supply remains locked. A much larger release is expected in July, which could inject over $600 million worth of tokens into circulation.

The TRUMP token launched just days before Donald Trump’s presidential inauguration on January 20. From the start, it drew criticism for how much of the supply was allocated to insiders and for leaning into Trump’s public image.

The latest event-driven price spike has renewed interest in the coin—but also revived concerns. While the dinner invite grabbed attention, the token’s volatility and concentration among large holders continue to raise questions.