$Trump cryptocurrency soars following exclusive event promise
Donald Trump’s token soared following an announcement of an exclusive gala dinner for its top 220 holders.
The price of Donald Trump’s $Trump cryptocurrency surged by over 70% following the announcement of exclusive events for its top investors. The 220 largest holders of the meme coin will be invited to a private gala dinner with the president on 22 May.
The event is described as ‘the most EXCLUSIVE INVITATION in the world’ on the coin’s official website.
Despite the surge, the $Trump token remains far below its peak of over $74 (£42.40) from January, shortly after its launch. Trump, who has dubbed himself the ‘crypto president’, has launched several crypto-related ventures.
Alongside the gala dinner at the Trump National Golf Club in Washington, DC, the top 25 coin holders will also receive invitations to a private VIP reception with the president.
The $Trump tokens in circulation are valued at around $2.5bn, with the cryptocurrency debuting just before Trump’s inauguration on 20 January. The announcement has drawn criticism from some within the crypto community, who labelled it ‘a stunt’.
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