Trump’s memecoin surges over 70% after exclusive dinner announced for top holders
The $TRUMP memecoin surged after organizers announced an exclusive dinner with Donald Trump for the top 220 token holders.
The event is scheduled for May 22, 2025, at the Trump National Golf Club in Washington, D.C., and is open to those ranked within the top 220 by token holdings.Â
A sharp rise followed the announcement in the price of the TRUMP (TRUMP) token, as holders rushed to secure a spot in the top ranks. The token was trading near $9.00 but spiked to $16.03, according to crypto.news data.
While an original tweet about the dinner incorrectly referenced the top 250 holders, the official site clarifies that only the top 220 will receive invites.
Delayed token unlock
In a move likely intended to encourage longer holding, the project also said it will delay both its initial token unlock and the next three months of daily unlocks by 90 days each.
This shift in tokenomics may reduce short-term selling pressure and support the token’s price in the lead-up to the event.
The dinner announcement is part of a broader wave of memecoin-fueled political engagement in the 2024-2025 election cycle.
It also comes as the Trump campaign increasingly embraces crypto themes, with the former president reportedly more open to crypto-friendly regulation.
