Since the US president pledged to hold two exclusive meetings for its leading investors, the value of Donald Trump’s cryptocurrency has skyrocketed. According to the $Trump meme coin’s website, the president will host a special gala dinner with the 220 largest holders on May 22. The invitation is dubbed the “most EXCLUSIVE INVITATION in the world.
Coinbase, a cryptocurrency trading platform, reports that following the news, $ TRUMP surged by almost 70%. However, it is still well behind the all-time high of around $74 (£42.40) that was attained soon after its January introduction. One of the many cryptocurrency-related initiatives launched by companies associated with Trump, who has referred to himself as the “crypto president,” is the digital currency.
According to the coin’s website, the top 25 coin holders will have an “ultra-exclusive private VIP reception with the President” in addition to the gala dinner, which will take place at the Trump National Golf Club in Washington, D.C.
The current total value of all Trump tokens in circulation is around $2.5 billion. They were initially made public a few days before to his January 20 inauguration. Many in the cryptocurrency sector criticised the decision, with some referring to it as a “stunt.
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