The value of Donald Trump’s meme coin, $TRUMP, increased by over 50% after an announcement about a gala dinner for its top holders. The coin’s price remains significantly lower than its peak from January. There are ongoing concerns regarding regulatory oversight in the cryptocurrency sector, especially following the Trump administration’s recent actions enabling a more relaxed environment for digital asset operations.
Following an announcement inviting the top 220 holders of Donald Trump’s meme coin to a private gala dinner, the value of the coin surged by over 50%. The event, scheduled for 22 May, also includes an exclusive VIP reception and special tour for the top 25 holders. Following the announcement on Wednesday, $TRUMP’s value climbed to approximately $14.70 but slightly fell to $12.30 in early Thursday trading, as reported by CoinMarketCap.
