Following the viral success of a post promising the top 220 buyers a private, elegant dinner with the US President on May 22, the price of $TRUMP Meme spiked to $16.17.
On Wednesday, Donald Trump’s official meme coin, $TRUMP, jumped more than 60% to $16.17. The action follows a post that went viral promising the top 220 purchasers of the Trump meme coin a private, elegant dinner with the US president on May 22 as part of “the most EXCLUSIVE INVITATION in the world.”
According to the post, in addition to the dinner at the Trump National Golf Club in Washington, D.C., the top 25 holders would also receive “a special tour” and “an ultra-exclusive private VIP reception with the President.”
The Trump meme currency peaked at $16.17 in the last day and then dropped to $11.96 at 10:15 a.m. on Thursday, April 24.
Trump and his family have made numerous cryptocurrency-related attempts that have brought them hundreds of millions of dollars in fees alone, and the post on a website that promotes the $TRUMP coin is the most recent.
Launched before to the inauguration of the US president on January 20, the $TRUMP coin peaked at $74.59 before plunging to $7.14 on April 7.
The price of the “official” Trump memecoin #TRUMP skyrocketed shortly after its January 17 introduction, putting it among the top 20 cryptocurrencies by market capitalization with a $14 billion total valuation.
According to data from the cryptocurrency analytics company Chainalysis, as of March 12, the coin had brought in at least $350 million in fees for organizations associated with the president.
What Is Trump Meme Coin?
Launched on January 17, 2025, just days before Donald Trump’s inauguration as President of the United States, the Trump Meme Coin is a digital currency built on the Solana blockchain network.
Unlike traditional cryptocurrencies like Bitcoin or Ethereum, meme coins are often created for fun or to capitalize on internet trends.
$TRUMP, however, has positioned itself as “the only official Trump meme,” blending political branding with the crypto craze.
Why Is It Popular?
The Trump Meme Coin has seen dramatic price fluctuations, with its value soaring by over 300% shortly after its launch. Its popularity stems from several factors:
- Exclusive Events: The coin’s top holders are promised unique perks, such as private dinners with Donald Trump and VIP receptions.
- Political Branding: As the first “crypto president,” Trump has vowed to make the U.S. a hub for crypto innovation.
- Speculative Trading: Like other meme coins, $TRUMP attracts traders looking for quick profits.
How to Buy Trump Meme Coin
Purchasing $TRUMP is straightforward. It is available on major crypto exchanges like Binance. To buy it:
- Visit Binance and search for “Trump/USDT.”
- Use USDT (a cryptocurrency linked to the U.S. dollar) to make your purchase
The Controversies
As per News18 – Despite its success, the Trump Meme Coin has faced criticism. Ethics experts have raised concerns about potential conflicts of interest, given Trump’s dual role as a political leader and a crypto entrepreneur. Additionally, the coin’s promotional strategies, such as offering dinners with the president, have sparked debates about transparency and influence
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Zach Cooper is an experienced financial journalist specializing in stock market news, renowned for his insightful analysis and in-depth coverage of market trends and economic developments. With a keen interest in equities and investment strategies, Zach provides readers with timely updates and expert commentary on the dynamic world of stocks and trading. His articles are characterized by a meticulous approach to research and a commitment to delivering clear, actionable insights to investors and finance enthusiasts alike.
