The value of Donald Trump’s cryptocurrency has soared following his pledge to host two exclusive events for the token’s wealthiest investors, sparking renewed interest in the former president’s digital currency ventures.
According to the official website for the $Trump meme coin, the top 220 holders will receive an invitation to a private gala dinner with Donald Trump on 22 May, billed as the “most EXCLUSIVE INVITATION in the world”.
The lavish event is set to take place at the Trump National Golf Club in Washington, DC.
$Trump Token Jumps 70% Following Announcement
Following the news, crypto trading platform Coinbase reported a 70% surge in the token’s value. Despite this spike, $Trump remains below its all-time high of over $74 (£42.40), reached shortly after its January launch.
The coin is part of a series of crypto-related ventures tied to Trump, who has branded himself as the “crypto president”.
In addition to the dinner, the top 25 holders will gain access to an “ultra-exclusive” VIP reception with Trump, further boosting the token’s appeal among supporters and speculators.
Token Worth $2.5 Billion Amidst Industry Scrutiny
Launched just days before Trump’s inauguration on 20 January, the $Trump token now boasts a total market value of approximately $2.5 billion.
However, not everyone in the crypto industry is impressed. Several critics have dismissed the initiative as a publicity stunt, questioning its long-term credibility.
Adding to the Trump crypto buzz, Melania Trump also launched her own digital currency on the eve of the inauguration.
Trump Expands Crypto Policy and Investment Ventures
Soon after returning to the White House this year, Trump signed an executive order to establish a presidential working group on crypto regulation.
He also authorised the creation of a Strategic Bitcoin Reserve and a Digital Asset Stockpile, to be funded with crypto assets seized by the federal government during criminal or civil cases.
In another bold move this week, Trump Media & Technology Group—the parent company of Truth Social—unveiled plans to launch exchange-traded funds (ETFs).
These ETFs will include digital assets and shares in companies with a “Made in America” focus, offering investors diversified portfolios with a patriotic theme.