The TRUMP coin price has skyrocketed today, reaching $13.15, a massive increase of 45.5% in the daily chart.
The dramatic surge occurred this Wednesday, shortly after the TRUMP project announced an exclusive dinner reward for top token holders.
TRUMP Surges 70%
Data from CoinGecko shows the token spiked all the way up to 66% in the last 3 hours, rising from $$9.30 to $14.72, the highest level since early March. Moreover, the coin is up 70.8% on the weekly scale, as per data from CoinGecko:
The price surge follows a recent announcement by the President, who will host an exclusive dinner with some of the biggest shareholders.
The dinner event is scheduled for May 22 at the Trump National Golf Club in Washington, DC. It will be exclusively available to the top 220 token holders registered on the GetTrumpMemes official website.
It doesn’t stop there. There is an even more exclusive “ultra-private VIP reception” that will be hosted separately for the top 25 token holders. However, only 300 tokens are needed to secure a spot, though rankings update hourly, and positions could rapidly change as more holders register.
Holders must share their full legal name, email, phone number, and link their Solana wallets. The rankings are based on a weighted score calculated from both the quantity of TRUMP tokens held and the duration those tokens remain in users’ wallets between April 23 and May 12.
Everyone on Crypto Twitter is going parabolic as well, with some members of the community calling the dinner announcement a “short squeeze” attempt.
THIS IS CRAZYYYYY !!!!
Many people shorted $TRUMP because
millions worth of TRUMP tokens started
unlocking on April 18th,Today Trump announced a dinner with
250 top Trump token holders which has
started a massive SHORT squeeze. pic.twitter.com/CReNAxdlwE— Ash Crypto (@Ashcryptoreal) April 23, 2025
TRUMP was launched in mid-January shortly before taking office. Needless to say, the announcement stirred controversy. It was the first time something of this magnitude had been attempted by a major political figure, drawing criticism from industry leaders, Democrats, legislators, and others.
Read more: SUI Jumps 26% in 24 Hours Amid Wider Crypto Market Rally
The criticism is multifaceted, primarily due to the project’s creators holding roughly 80% of the total token supply, while the identities of most other significant TRUMP holders remain unknown.
