TRUMP Coin Surges After Trump Announces Private Dinner for Holders

The TRUMP meme coin is making headlines again after a massive 60% price rally. The reason? A surprise announcement that former U.S. President Donald Trump will host an exclusive dinner for the top 220 holders of the $TRUMP token. By Cointelegraph.

The TRUMP meme coin is having a moment in the sun again, not for any new memes, but for a piece of surprising news: former U.S. President Donald Trump will be hosting an exclusive dinner for the top 220 holders of the $TRUMP token.

The meal will take place at the Trump International Hotel in Washington, D.C., on October 20, and will be catered by the hotel's award-winning chefs. The top 25 holders of the TRUMP token will also be treated to a VIP tour of the White House and a special pre-dinner reception.

This real-world utility — access to a high-profile political event — has pushed the TRUMP token price as high as $16.17 today, before settling near $13.39, its highest level since March.

At the beginning of the year, the TRUMP price started 2024 at $1.32 and is now up over 1000%.

This rally also comes ahead of an expected token unlock that could have affected the TRUMP price.

What Is TRUMP and What Is the Token Unlock Date?

The TRUMP token is a meme coin launched in December 2022. The token was created by a group of Trump fans who wanted to use blockchain technology to support the former president.

The TRUMP token is a BEP-20 token that runs on the Binance Smart Chain. It has a total supply of 1 billion tokens.

Earlier this year there were fears that a large tranche of TRUMP tokens would be unlocked in July, potentially leading to a sell-off as the new token owners would cash out their holdings. However, the token unlock has now been pushed back by 90 days.

This delay will reduce the immediate supply pressure on the TRUMP token and may help to reinforce investor confidence, setting the stage for a potential breakout.

Why Is TRUMP Surging Again Today?

The TRUMP token price has surged again today after the Trump International Hotel announced that it will be hosting an exclusive dinner for the top 220 holders of the $TRUMP token.

The dinner will be part of a broader package of benefits for the top TRUMP token holders, which also includes a VIP tour of the White House and a special pre-dinner reception.

The announcement of the dinner has sparked a great deal of interest in the TRUMP token, which is known for its close ties to the former president.

Earlier this year, the TRUMP token came into the limelight after Ben Armstrong, the host of the popular crypto YouTube channel "Armstrong World," began touting the token to his nearly 869,000 followers.

The TRUMP token has also been a subject of discussion on the Web3 Wall Street Discord server, which is known for its focus on meme coins and cryptocurrency trading.

Earlier this month, the TRUMP token price surged more than 50% in 24 hours after rumors that Trump could be making an "unbelievable announcement" that would have an impact on the token.

However, the nature of the announcement and its potential impact on the TRUMP token price are still unknown.

What Is the TRUMP Price Prediction for 2024?

Given the current momentum, the OFFICIAL TRUMP price could test the $20 to $25 range. A break above $17.20 with strong volume would signal continuation, while the main support zone sits between $10 and $11.50.

Any upcoming announcement or viral endorsement could add more fuel to this rally.

Should You Buy TRUMP or Wait?

TRUMP's explosive move shows the power of narrative in the meme coin space. Political access, delayed supply, and community excitement are pushing the coin higher — but meme coins remain high-risk.

If you're holding, keep an eye on the token unlock timeline. If you're considering buying in, wait for a potential dip.