TRUMP Token Soars 70% on Promise of Exclusive Dinner with Donald Trump

The announcement of an exclusive dinner organized by Donald Trump for TRUMP token holders triggered an immediate reaction in the market.

The TRUMP token, a cryptocurrency linked to former U.S. President Donald Trump, saw its value skyrocket by over 70% in a single session after Trump announced an exclusive dinner for 150 TRUMP token holders.

The token's price surged to $12.40, marking a 71% increase from the previous day, while trading volume soared by 548%.

The event, which will take place in Mar-a-Lago on April 15, will offer an opportunity for the first 150 people who register the TRUMP tokens in their own wallets to dine with Trump and have photographs taken with him.

The announcement triggered a flurry of activity as users transferred their tokens from exchanges to private wallets to participate in the event.

Two names, "MeCo" and "Sun," dominated the activity. The "MeCo" account withdrew around 1.195 million tokens from Binance, a transaction valued at approximately $15.76 million, surpassing "Sun," which moved 1.177 million tokens.

Another movement was recorded from an address that withdrew 655,000 tokens at an average price of $12.11, performing a maneuver to segregate funds and withdraw a total of $7.93 million.

At the time of writing this article, the TRUMP token had reached a value of $13.53, with an estimated market capitalization of $2.7 billion.

The token's price climbed 75.7% over the past week and 11% in the last 24 hours, according to CoinMarketCap data.

Interest in this type of initiative paves the way for a new channel to connect digital assets with high-profile in-person events.

Industry analysts believe this strategy could be replicated in other contexts, combining cryptocurrencies with tangible incentives to boost engagement and participation.

Although it remains unclear how regulatory authorities will respond to these proposals, the episode involving the TRUMP token confirms that celebrity-driven movements can quickly and significantly alter the dynamics of the crypto market.