Trump’s Coin Rises As He Invites The Top Traders On Dinner!

Donald Trump’s cryptocurrency rose in value as the president promised to invite top traders to two special dinner events.

The Trump meme coin’s website announced that 220 top traders will be invited to a special gala dinner on 22 May. This is the “most exclusive invitation in the world”.

According to Coinbase, the crypto trading platform, the $Trump increased by more than 70% as the news broke out. However, it remained lower than the original $74 launch price.

This meme coin is among the few cryptocurrency-related ventures initiated by the president who proclaimed himself as a “crypto president”.

In addition, the gala dinner will be held at Trump National Golf Club in Washington DC. There will be an additional VVIP reception with the president, for those in the top 25 coin holders.

The total circulation of Trump tokens is valued at $2.5bn, which were released just before 20 January.

This gala dinner is being considered as “a stunt” with most people criticizing the move in the industry. However, first lady Melania Trump also launched her crypto coin on the day Trump’s coin was launched.

Meme coins provide opportunities for investors to make money through speculations. Plus, meme coins are also used to give support to celebrities.

After returning to the presidency, Trump signed an executive order to establish crypto regulations. The president is also planning to launch a digital currency reserve or digital asset stockpiles.

in addition to this, Trump’s media spokesperson is also planning to represent exchange-traded funds (ETFs)