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- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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Here’s why Trump meme coin exploded 70% today
The Official Trump (TRUMP) meme coin has surged to the top of the leaderboard of biggest gainers among the largest coins by market cap.
Gains happened as the Bitcoin price spiked to $94k.
According to data from CoinMarketCap, the TRUMP meme token shot up from $9.30 to highs of $15.47.
The more than 70% spike in the meme coin’s value came amid a broader market bullish flip.
However, the vertical flip for Official Trump followed President Donald Trump’s offer of an exclusive dinner for top holders of the meme coin.
This news, coupled with strategic changes to the token’s unlock schedule, is fueling upside pressure for TRUMP.
Investors and supporters are likely flocking to the token as they try to land a spot at dinner with the US president.
TRUMP price chartNotably, the daily trading volume of TRUMP has jumped more than 420% to over $3.2 billion.
Dinner with Trump
The announcement of an exclusive dinner with Donald Trump, set for May 22, 2025, at the Trump National Golf Club in Washington, D.C., sent the crypto meme coin community into a frenzy.
According to details, the event will be open only to the top 220 $TRUMP token holders.
The invitation has intensified the buying pressure as investors scramble to rank higher.
Why else is the TRUMP price surging?
Adding fuel to the rally, the $TRUMP project announced a 90-day delay for its initial token unlock and the subsequent three months of daily unlocks.
This move, designed to curb short-term selling pressure, signals a commitment to long-term value stability.
By postponing the release of new tokens, the project reduces the risk of oversupply, which could have dampened the price surge.
Investors appear to view this as a bullish signal, with the delayed unlocks aligning neatly with the anticipation building toward the May dinner.
The combination of scarcity-driven tokenomics and the allure of dining with Trump has created a perfect storm for $TRUMP’s explosive performance.
Official Trump skyrocketed to $75.35 in January 2025 when Trump took over the US presidency for a second term.
However, amid the broader market downturn, the meme coin price fell to lows of $7.2.
The latest bounce only sees the TRUMP price recover a fraction of its dip year-to-date, with the price down 83% since its all-time high.
Trump’s growing embrace of cryptocurrency, regulatory shifts, and the dinner invite could spark a fresh surge.
The post Here’s why Trump meme coin exploded 70% today appeared first on CoinJournal.