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The $Trump token soared as much as 71% on Wednesday after the project's organizers said President Donald Trump will attend a dinner
The price of the $Trump meme coin surged as much as 71% on Wednesday after the project's organizers said President Donald Trump will attend a dinner for the token's top 220 holders.
The token, which launched days ahead of Trump's inauguration in January, hit an intraday high of $16.17. By 1:02 p.m. ET, it pared its gains to about 41% at $13.39.
It's the highest price for the token since the beginning of March.
According to the official website for the meme token, Trump will be in attendance at a dinner scheduled for May 22.
The website reads, "Have Dinner in Washington, D.C. With President Trump!" and adds, "Will YOU be Having Dinner with PRESIDENT TRUMP?"
Trump has sparked a cryptocurrency bonanza earlier this year following his inauguration. In addition to minting his own meme coin, first lady Melania Trump also issued a $Melania token. The president has also made a push into the stablecoin arena via Liberty One Financial, a digital assets venture backed by Trump and his sons.
The $Trump coin site said the top 25 holders of the token would be invited to an exclusive reception with Trump before the dinner.
"PLUS, We have separately arranged for a Special VIP White House Tour for you - so make sure you stay in town," the website reads.
A disclosure on the website said the tour is being arranged by FightFightFight LLC and that Trump is appearing at the dinner "as a guest and not soliciting any funds for it."
To be eligible to attend, if selected, holders cannot be from a KYC watchlist country, they must pass a background check, and cannot bring guests.
Disclaimer:info@kdj.com
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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