TRUMP Coin Surges 70% Following Dinner Invitation for Token Holders
The TRUMP token experienced a rally due to an invitation for a dinner event with former President Donald Trump, which was announced on its website. Key points include:
- The event targets the 220 largest token holders.
- TRUMP's price surged over 70% to nearly $16 before retracing to below $13, marking a 43% increase within 24 hours.
- On April 18, $300 million worth of previously locked tokens were released, with 75% of existing tokens still locked; the next unlock in July will introduce over $600 million more tokens.
- The token had faced backlash for its launch timing and insider allocations when it debuted shortly before Trump's inauguration.
- Despite recent gains, TRUMP still trades more than 80% below its record price of $73 from January 19.
