TRUMP coin has surged 73%, fueled by the excitement around an exclusive gala dinner with Donald Trump

The Trump-themed cryptocurrency, Official Trump, launched on Solana in January 2025. It jumped from around $7.54 to a high of $15.47

Crypto traders are known for their enthusiasm, but even by that standard, the excitement over an exclusive gala dinner with former President Donald Trump has reached remarkable levels in the cryptocurrency market.

The cryptocurrency, known as Official Trump and operating under the ticker TRUMP, is built on the Solana blockchain. It began the year poorly, with prices dropping to $7.14 by April 7, nearly reaching the all-time low hit during the January 20 presidential inauguration.

However, a strong rebound pushed prices above $7.54 on April 3. By April 23, TRUMP reached a high of $15.47 before settling near $13.20 on April 25.

In the past week alone, TRUMP surged more than 73%, compared to a 16% gain for Bitcoin. At press time, TRUMP had a 24-hour trading volume of $1.82 billion, making it the top performer among the 100 largest cryptocurrencies by market cap.

The cryptocurrency project announced that the top 220 TRUMP token holders would be invited to a private dinner with President Trump at the Trump National Golf Club in Washington, D.C., on May 22.

“The top $TRUMP Coin holders will have a private DINNER WITH PRESIDENT TRUMP on May 22nd at the BEAUTIFUL Trump National Club in Washington, D.C. It will be a night to remember!”

Moreover, the team announced a 90-day extension for the 40 million TRUMP tokens, deferring the circulating supply to 200 million and decreasing selling pressure.

“The tokens from the initial cliff and the next three months of daily unlocks will each be delayed by an extra 90 days. The era of $TRUMP has just begun!”

The statement detailing the 90-day extension for the 40 million TRUMP tokens and the adjusted circulating supply to 200 million.

The Trump coin project announced a 90-day extension for the 40 million TRUMP tokens, postponing the total circulating supply to 200 million and reducing selling pressure.

“The tokens from the initial cliff and the next three months of daily unlocks will each be delayed by an extra 90 days. The era of $TRUMP has just begun!”

The move comes after enthusiasm for the coin quickly cooled following the record highs.

After announcing a time-weighted average snapshot for calculating the top 220 TRUMP token holders who will be invited to the gala event with former President Donald Trump, the cryptocurrency project has now confirmed the snapshot period will conclude on May 12.

The top 25 TRUMP token holders will also have the opportunity to attend a VIP reception on May 21, a day ahead of the main event. They will also be treated to a tour of the White House.

Participants must pass a background check, follow AML regulations and attend the event solo, with no guests allowed.

If Trump is unable to attend, organizers will offer a limited-edition Trump NFT as compensation.

The project’s leaderboard, which is updated live, showed that an account named “SUN,” reportedly linked to TRON founder Justin Sun, was leading with 1.17 million TRUMP tokens, currently worth over $14 million. Wallets labeled “CASE” and “MeCo” followed closely in second and third place, respectively.

According to data from blockchain analytics firm Nansen, top wallets picked up around 940,000 additional tokens within an hour of the announcement, highlighting the massive interest in the event.

The Trump-linked entities, CIC Digital LLC and Fight Fight Fight LLC, are strategically managing the growth of TRUMP token’s value.

Out of the one billion tokens, only 200 million are circulating, while the remaining tokens will be locked for a period of three years. This move has helped to maintain stability in the market.

CIC Digital and Fight Fight Fight allocated 100 million tokens to a liquidity pool on Meteora, a decentralized exchange on Solana. Every trade on the exchange generates fees, a portion of which flows back to these Trump-linked wallets.

According to Reuters estimates, by January 30, the liquidity trading fees had generated between $86 million and $100 million. After the dinner announcement, an additional $1.6 million was earned in 24 hours.

The Washington Post estimates that the entities have realized around $312 million in profits from token sales and $41 million from trading fees.