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Cryptocurrency News Articles
Trump Coin ($TRUMP) Up 200% This Week on VIP Dinner Buzz
Apr 24, 2025 at 08:52 am
$TRUMP, a crypto coin related to Trump, has seen a rapid bounce as investors seek an exclusive invitation to meet with the US president.
output: A cryptocurrency themed on former U.S. President Donald Trump is quickly surging this week as investors are getting an exclusive invitation to meet with the president at the White House for a special dinner.
What Happened: Trump Coin ($TRUMP, a crypto coin related to Trump, is quickly heating up again as investors are getting an exclusive invitation to meet with the U.S. president at the White House.
The Trump-themed cryptocurrency, $TRUMP, initially surged following its mid-January debut—just before Donald Trump returned to the White House for a second term. The coin rose to a peak of $77 during the early hype phase.
However, $TRUMP quickly fell into a prolonged downtrend, slipping below key technical levels. On the daily chart, the 20-day Simple Moving Average (SMA) repeatedly acted as resistance, capping any attempts by the coin to recover.
Political heat also added to the pressure on the token. Just days after the coin’s release, Senator Elizabeth Warren called for an investigation into Donald and Melania Trump’s digital asset holdings. The senator urged U.S. regulators and the Office of Government Ethics to probe the ethical and legal implications.
After months of decline, $TRUMP finally found a floor above the $7 mark earlier this month. That stability set the stage for a sharp rebound, which came in spectacular fashion this week.
On Wednesday, $TRUMP spiked following news on the project’s official website that the top 220 holders of the token will be invited to an exclusive dinner with President Trump. The formal event—black tie optional—is set for May 22, and the top 25 wallets will also have access to a private reception. A VIP tour of the White House is expected the following day.
Fueled by this unique perk, $TRUMP soared from $9 to as high as $16 in just one day, before pulling back slightly to close around $13.
Even with the pullback, the token surged more than 200% when the price was at the top, and it is up approximately 80% week-to-date. For reference, Bitcoin (BTC) is up around 10%, and Ripple’s XRP is up about 8%.
With the latest spike, the circulating supply of $TRUMP now has a combined market value of $2.7 billion, according to data from CoinMarketCap. The meme coin was the top-performing asset on the platform over the past 24 hours and it is also the most actively discussed and traded cryptocurrency.
Last Thoughts: While meme coins often lack fundamental backing, $TRUMP’s price action showcases the strength of political narrative and community-driven hype. Whether the recent surge will sustain—or fizzles out post-dinner—will depend on how much utility, sentiment, and novelty the project can retain in the coming weeks.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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