Trump, marketed as Donald Trump’s official crypto -token, stood together on Wednesday when an invitation to a dinner event with the US president of Token -holders appeared on the project’s website.
“Join President Donald J. Trump at his private, only members of Washington members, DC for dinner!”, A banner said about the event on the project’s website.
The invitation is targeted at the 220 largest token holders per day. The Event Website.
The token rose over 70% after the news card and hit $ 16, its strongest price since the beginning of March. Later it went back to less than $ 13, still 43% rose over the last 24 hours.
The event comes especially after $ 300 million worth of previously locked Trump tokens were added to circulation on April 18, according to tokenomist data. Approximately 75% of all existing tokens are still indoors, with the next unlocking arising in July and increasing the supply by over $ 600 million of coins.
The Trump token, launched only days before Donald Trump’s presidency’s inauguration on January 20, was met with industry-covering setbacks to exploit the attention and Trump’s public office and heavy allocations to insiders.
The launch also marked the top in speculative foam in crypto markets. Bitcoin (BTC) fell over 30% from record prices in the following weeks, while many smaller, more speculative cryptocurrencies suffered 80% -90% steps.
Despite today’s rally, Trump’s coin is still more than 80% under its record price on January 19 at $ 73.
Read more: Trump Coin’s greatest critics are crypto industry insiders
