The price of the $TRUMP skyrocketed over 60% from around $9 to over $14.7

After the project announced that the top 220 holders would be invited to a Gala Dinner with the US president.

The price of the $TRUMP token has skyrocketed over 60% from around $9 to over $14.7 after the project announced that the top 220 holders would be invited to a Gala Dinner with the US president.

The coin has recorded a trading volume of 3.37 billion in just 24 hours. Also, the TRUMP/USDC trading pair has seen more than 1,500 transactions today alone. However, the coin has retraced to below $14, but it is still up 43% over the past 24 hours currently sitting at $13.05.

THIS IS CRAZYYYYY !!!!

Many people shorted $TRUMP becausemillions worth of TRUMP tokens started unlocking on April 18th,

Today Trump announced a dinner with 250 top Trump token holders which hasstarted a massive SHORT squeeze. pic.twitter.com/CReNAxdlwE

— Ash Crypto (@Ashcryptoreal) April 23, 2025

The event that has caused the traffic is expected to take place on May 22 at the Trump National Golf Club in Washington, D.C., according to the project’s website. Even with today’s rise, the TRUMP coin is still worth more than 80% less than its all-time high of $73 on January 19.

A strategy to push $300 million unlocked TRUMP tokens

The event happened shortly after $300 million worth of locked-up TRUMP tokens were released into circulation on April 18. The excitement around the dinner is high.

The project page says, “For the top 25 coin holders, you are Invited to an Exclusive Reception before Dinner with your favourite President ! Plus, We have separately by us arranged for a Special VIP White House Tour for you – so make sure you stay in town.”

In addition, investors in the top 15 will get an extra treat: They will have a special reception with Trump before the dinner and be taken on a “VIP White House Tour.” However, the White House has not commented on the event.

The more $TRUMP you hold and the longer you hold it, the higher your ranking will be. Meanwhile, about 75% of all the tokens that have been made are still locked up. The next unlock will happen in July, adding over $600 million worth of coins to the supply.

Lawyers say that TRUMP raises questions about POTUS

Donations to politicians are limited by US law. The Federal Election Campaign Act says that each person can give $3,500 to a candidate in a single election. The 2010 Citizens United ruling by the US Supreme Court lets corporations give as much money as they want to super political action committees that aren’t directly connected with candidates.

The coins are one of many token projects by Trump. A company called DT Marks DEFI LLC, which is linked to the Trump family, owns 60% of World Liberty Financial. World Liberty Financial is a decentralized finance company that lets investors make and borrow cryptocurrency.

There was a reaction against the TRUMP token, which came out just days before Donald Trump’s inauguration as president on January 20. It was seen as taking advantage of Trump’s fame and giving insiders many tokens.

After the token launched on Jan. 17, the project’s market capitalization increased to roughly $15 billion before dropping 50% by Jan. 20. This time around, Trump is using the white house to tour TRUMP holders.

Dems have been against this idea from the beginning. Sen. Chris Murphy, “The US President is running a backdoor bribery scheme in which any CEO or foreign oligarch can send him money secretly through his crypto coin scam in exchange for favors.”

During a meeting, Sen. Bernie Sanders said the same thing. He said Trump makes money by selling coins, crypto coins, and that anyone can contribute, which is a direct line to the president. There’s no proof that it has happened, but lawyers have said it’s possible.

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