Trump cryptocurrency saw a 70% surge after a special event for top $Trump meme coin holders was announced. The president of the United States has pledged to throw a secret, elegant dinner for the 220 biggest cryptocurrency investors, describing it as the “most EXCLUSIVE INVITATION in the world.”
The official website for the $Trump meme coin announced the news, highlighting its growing attention since launch. The price surge follows the president’s pledge to invite the top 220 holders to a special event at the Trump National Golf Club in Washington D.C.May 22, 2025.
One of the most exclusive events in the cryptocurrency industry, the event features a special VIP reception with the president for the top 25 coin holders.
The $Trump Coin’s Rise and Fall
Since its launch in January 2025, the $Trump meme coin has gained a lot of attention, but its value has fluctuated significantly.It has now dropped to a far lesser value after first skyrocketing to over $74 a coin. Still, the gala’s announcement has sparked new interest, and owners of $Trump coins are already seeing a rise in trading volume and value.
Critics of the cryptocurrency sector have called the event a “stunt,” despite its popularity, casting doubt on whether the gala would truly have an impact on the coin’s long-term value.. Nevertheless, $Trump coin may remain in existence for a long time because Trump’s media firm and other related businesses are expanding their influence in the cryptocurrency market.
The Expansion of Trump’s Crypto Ventures
Trump’s involvement in the crypto world doesn’t stop with the $Trump meme coin. On his return to the White House this year, he signed an executive order to create a presidential working group aimed at proposing new crypto laws and regulations. In addition, Trump declared the creation of a Strategic Bitcoin Reserve and a Digital Asset Stockpile, which would include bitcoin that the federal government has seized as a result of legal actions.
Trump Media & Technology Group, which owns the Truth Social platform, also plans to launch exchange-traded funds (ETFs) that will focus on digital assets and American-made businesses in an effort to further establish Trump’s dominance in the financial sector.
The Prospects for Trump’s Crypto Initiatives
Even if the $Trump joke currency has its detractors, its recent price spike shows how popular celebrity-endorsed cryptocurrencies are becoming. As the “crypto president,” Trump’s forays into the realm of digital assets may spur more advancements in the cryptocurrency space. It remains to be seen if this enthusiasm will last or if it will wane like other meme coins.
Source: BBC
