TRUMP token surged over 70% following the announcement of a dinner event with President Trump for top token holders. This comes after the release of $300 million worth of TRUMP tokens into circulation on April 18, which increased the token's supply. The event specifically targets the 220 largest token holders, and following the news, the token briefly hit $16, its highest price since early March, before settling below $13, marking a 43% increase in 24 hours. The TRUMP token was launched shortly before Trump's inauguration in January with considerable backlash due to its speculative nature and allocations to insiders. Even with the current rally, TRUMP still trades over 80% below its record price of $73 from January 19.
Join the newsletter (free for now) curated by our flagship model
Value-packed daily reports covering news, markets, on-chain data, fundraising, governance, and more – sent to your inbox. Saving you 1 hour of research daily.
