Promoting it as ‘the most exclusive invitation in the world,’ the Trump meme coin website states that the top 220 holders will be granted a private gala dinner with the current president on May 22.
As expected, this announcement has had an immediate positive effect, with the price of Donald Trump’s cryptocurrency soaring.
Adding to the gala dinner at Trump National Golf Club, the Trump coin website advertises an ‘ultra-exclusive’ private VIP reception with the president, specifically for the top 25 investors.
The crypto trading platform, Coinbase, recorded a jump of more than 70% after the announcement. However, its current value is significantly lower than the peak of over $74, achieved shortly after its January launch.
Trump tokens in circulation are currently worth a total of around $2.5 billion. They were first released just days before his inauguration on 20 January.
Donald Trump has labelled himself the “crypto president.” To regulate cryptocurrencies, he signed an executive order that established a presidential working group focused on developing new legislation.
Trump also signed an order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, which would accumulate cryptocurrencies confiscated during federal criminal and civil cases.
Read: Kenya Moves to Regulate Crypto Industry with the Virtual Asset Bill 2025
Trump Media & Technology Group, in collaboration with Crypto.com and Yorkville America Digital, has announced its intention to launch ETFs that will include both digital assets and stocks focused on ‘Made in America’ companies.
