TRUMP Token Sees 80% Surge Following Exclusive Dinner Announcement
President Trump is hosting an exclusive dinner for top holders of the TRUMP token, which has experienced significant price fluctuations. Following its launch, TRUMP's value surged from under $10 to above $70 before dropping to $7 amid a general crypto market sell-off. The announcement of the dinner revitalized interest, leading to an 80% increase in value, reaching around $16.
Key Points on TRUMP Token Activity
- The dinner is set for the top 220 holders, with the top 25 able to meet President Trump.
- On the announcement day, nearly 10,000 wallets transferred TRUMP tokens, a 200% increase from the prior day.
- Trading volume reached approximately $2.3 billion, marking the busiest day of the month.
- Most activity came from smaller holders, with transactions under $1,000 making up 47.2% of active wallets.
- TRUMP accounted for nearly 50% of all memecoin trading volume on centralized exchanges last Wednesday.
The eligibility deadline for the dinner is between April 23 and May 12, likely spurring further trading activity. This surge in interest aligns with a broader bullish trend in the cryptocurrency market, amidst Bitcoin's recovery.
Currently, Bitcoin shows a 37% probability of hitting $100,000 by the end of May, trading around $74,000. As of now, TRUMP trades at $14.29, down 1.1% in the last 24 hours.