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Cryptocurrency News Articles
Ahead of Donald Trump's Crypto Dinner, GD Culture Group (GDC) Invests $300M in TRUMP Token and Bitcoin
May 14, 2025 at 04:47 pm
Driven by this significant development, the memecoin price rebounded from its recent downtrend, surging by 6% in the last 24 hours.
Nasdaq-listed holding company GD Culture Group (GDC) has announced plans to invest $300 million in TRUMP token and Bitcoin.
As reported by ChainShot, the company aims to build a long-term crypto reserve, signaling confidence in the future of cryptocurrencies and decentralized finance.
According to an official filing, GDC will be financing the investment through a stock purchase agreement with an investor based in the British Virgin Islands, who has pledged to provide up to $300 million. Further, the firm asserted, “The Company plans to use proceeds from the offering, if any, to invest in Bitcoin and OFFICIAL TRUMP and for general corporate purposes.”
This development has significantly boosted the TRUMP coin price surge despite its recent correction.
Earlier this month, the confirmation of an exclusive dinner with Donald Trump fueled a price rally for $TRUMP.
Recently, the memecoin price has rebounded from its recent downtrend.
This news comes amid the anticipation surrounding the Trump crypto dinner. The crypto dinner, scheduled for May 22, will bring together the top 220 TRUMP coin holders for a private event with President Trump.
With its remarkable performance, analysts anticipate the TRUMP memecoin’s highest rally yet, especially with the exclusive crypto dinner event approaching.
However, TRUMP token price has stalled in the $13-$14 range. Yesterday, the token dropped by almost 6% and touched a low of $12.22.
Currently, the TRUMP coin is trading at $13.55, showing a surge of 6% in the last 24 hours. It’s interesting to note that the token has seen a high of $15.07 in the past week.
The TRUMP memecoin is being adversely affected by mass sales following the cutoff for Trump’s crypto dinner. Only the top 220 TRUMP coin holders will be attending the dinner with President Trump at the Trump National Doral Miami resort.
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- Mark Cuban warns that President Donald Trump's direct involvement in cryptocurrency projects could do more harm than good
- Jun 07, 2025 at 11:15 am
- Generally speaking, U.S. crypto entrepreneurs remain giddy about having an American president championing digital assets. However, billionaire entrepreneur Mark Cuban warns that President Donald Trump's direct involvement in cryptocurrency projects could do more harm than good.
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- Binance Releases Its 30th Proof-of-Reserves Report, Revealing $58 Billion Bitcoin Holdings
- Jun 07, 2025 at 11:15 am
- input: Binance, the world’s largest cryptocurrency exchange by trading volume, released its 30th proof-of-reserves (PoR) report, revealing its holding of $58 billion in Bitcoin and $82 billion of other cryptocurrency.
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