Trump Hosts Exclusive Crypto Dinner, Valuations Surge

A surge in activity around the TRUMP meme coin followed the announcement that the top 220 holders would be invited to a private dinner with former President Donald Trump, leading to significant speculation and large-scale purchases. Major transfers, including a withdrawal of 150,100 TRUMP tokens (worth nearly $2 million) from Binance, fueled rumors of whale activity and market manipulation. In response to the dinner announcement, at least 27 wallets acquired over 8 million TRUMP coins, totaling about $100 million, with some buyers moving coins between accounts to secure a dinner invitation. The cost to be in the top 220 holders is estimated at around $380,000, while the top 25 holders, each with around $5 million in tokens, receive additional exclusive perks. The event has led to sharp price increases for the TRUMP coin, which surged 60%, and has reignited attention on Trump’s pro-crypto stance and its broader impact on the cryptocurrency market. This phenomenon underscores both the influence of high-profile events on meme coin markets and the growing intersection of crypto and American politics.