The cryptocurrency world has been set on fire by an unexpected development—“Dinner with Trump.” The announcement has driven a staggering 60% price surge for the TRUMP meme coin, accompanied by a 200% spike in on-chain activity. The offer, which invites the top 220 investors in the TRUMP token to a private dinner with former President Donald Trump, has become a viral sensation.
A recent report from Kaiko highlighted the meteoric rise in the TRUMP coin’s price and the massive surge in transaction volumes. Investors scrambled to acquire enough tokens to secure an invitation, triggering an unprecedented level of activity in the market. According to Kaiko, the volume was primarily driven by smaller token holders, with wallets containing under $100,000 worth of TRUMP coins dominating the surge.
The announcement also included a unique perk—a tour of the White House for the top investors, which further fueled the hype on social media. As investors raced to meet the token threshold, the coin’s price leapt by 60%, reflecting the intense demand.
In a deeper analysis of the on-chain activity, Kaiko noted that larger wallets, which typically belong to OTC desks, exchanges, and market makers, were also active but at a more consistent level. These entities likely had to manage structural operations tied to the massive surge in smaller retail investor activity.
“The dinner announcement has stirred debate within the cryptocurrency community,” Kaiko’s report added. Critics are raising concerns about the potential ethical implications of linking political access to financial investments, while others see it as a clever marketing strategy in the volatile world of cryptocurrency.
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