Diesen Artikel teilen
TRUMP Coin Jumps 70% on President's Dinner Event for Top Token Holders
The event comes after $300 million worth of TRUMP were unlocked last week, increasing the token's supply.
What to know:
- TRUMP token surged over 70% after announcing a dinner event with President Trump for top token holders.
- The event follows a $300 million release of TRUMP tokens into circulation, with more expected in July.
- The token, marketed as Donald Trump's "official" crypto token, was met with industry-wide criticism at its January launch.
TRUMP, marketed as Donald Trump's official crypto token, rallied on Wednesday as an invitation to a dinner event with the U.S. President for token holders appeared on the project's website.
"Join President Donald J. Trump at his Private, Members-Only Club in Washington, D.C. for Dinner!," a banner about the event on the project's website said.
STORY CONTINUES BELOW
Verpassen Sie keine weitere Geschichte.Abonnieren Sie noch heute den Crypto Daybook Americas Newsletter. Alle Newsletter ansehen
The invite is targeted for the 220 largest token holders, per the event's website.
The token surged over 70% following the news briefly hitting $16, its strongest price since early March. Later it retraced to below $13, still up 43% over the past 24 hours.
The event, notably, comes after $300 million worth of previously locked-up TRUMP tokens were added to circulation on April 18, according to Tokenomist data. Some 75% of all existing tokens are still locked up, with the next unlock coming up in July increasing the supply by over $600 million of coins.
The TRUMP token, launched only days before Donald Trump's presidential inauguration on January 20, was met with industry-wide backlash for capitalizing on the attention and Trump's public office and heavy allocations to insiders.
The launch also marked the peak in speculative froth on crypto markets. Bitcoin declined over 30% from record prices in the following weeks, while many smaller, more speculative cryptocurrencies suffered 80%-90% drawdowns.
Despite today's rally, TRUMP coin still trades more than 80% below its January 19 record price of $73.
Read more: TRUMP Coin's Biggest Critics Are Crypto Industry Insiders
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Asia Morning Briefing: Fed Cut Brings Little Volatility as Bitcoin Waits for Japan
CryptoQuant data shows seller exhaustion as whales pull back from exchanges, while traders prepare for a closely watched BOJ meeting that could influence global liquidity.
What to know:
- Bitcoin remains stable above $91,000 as the Federal Reserve cuts rates by 25 basis points.
- Market attention shifts to Japan, where a rate hike is expected at the upcoming Bank of Japan meeting.
- Gold prices rise following the Fed's rate cut, while silver hits a record due to strong demand and tight supply.
Top Stories
