The TRUMP token jumped more than 70% after the announcement of a private dinner with Donald Trump reserved for the top 220 memecoin holders.
Despite this surge, the TRUMP token remains highly volatile, facing a massive dilution with over $600 million worth of tokens to be released in July.
Criticized from its launch for its political opportunism, the token is still down over 80% from its peak, relying more on personality cult than real utility.
The President’s memecoin gains 70% on the 'Trump Dinner' backdrop
🚨 Donald Trump will organize a 'Trump Dinner' exclusively for the top 220 holders of his memecoin $TRUMP.
The TRUMP token, presented as the ‘official’ cryptocurrency of the US president, experienced a surge of over 70% on Wednesday evening following the announcement of a unique event: the top 220 token holders are invited to a private dinner with Donald Trump at his members-only club in Washington D.C. This simple banner displayed on the project’s website was enough to rekindle speculative interest in this controversial token.
Rise in volumes despite fragile fundamentals
The news briefly propelled the TRUMP token to $16, a level not seen since early March. Despite a quick decline to $12, the token still showed a net gain of nearly 40% in 24 hours. This price surge comes in the midst of significant dilution: $300 million worth of previously locked tokens were released on April 18. According to Tokenomist data, 75% of the supply is still locked, but a massive unlocking event is scheduled for July, with over $600 million worth of additional tokens entering circulation.
TRUMP: A history already marked by controversy
The TRUMP token was launched just a few days before Donald Trump’s inauguration on January 20, 2025. From the moment of its launch, it was heavily criticized by the crypto industry for its political opportunism and perceived excessive allocations to insiders. Its creation symbolized the peak of speculative frenzy in the crypto markets. A few days later, Bitcoin lost over 30% of its value, causing weaker altcoins to plummet by 80 to 90%.
A rebound far from the peak
Despite the spectacular increase in recent hours, the TRUMP memecoin still lags far behind its all-time high of $73 reached on January 19. The token has lost over 80% of its value since that peak, highlighting the fragility of its economic model, which relies more on personality cult than real technological utility. The presidential dinner acts less as an institutional validation and more as a temporary spotlight on a highly speculative asset that must survive in the face of massive unlocks.
