Special Dinner with Former President Trump Causes a Sensation TRUMP Token

In a move that has shocked the cryptocurrency community, former President Donald Trump has invited investors to hold the TRUMP token – a controversial memecoin – to a special dinner. This announcement has immediately triggered a wave of strong trading, causing the market to buzz once again. The TRUMP coin once had an impressive debut, rising from 10 USD to nearly 70 USD in just one day. However, after that, the market witnessed a large-scale sell-off, causing the price of this token to drop to only 7 USD. But with a surprising statement from Mr. Trump, this downward trend was halted, and the TRUMP token quickly rebounded. Last weekend, TRUMP increased by 80%, reaching a level of 16 USD. According to the market data analysis company Kaiko, the on-chain trading volume also surged during this recovery period. The highly anticipated event is the announcement from the TRUMP memecoin development team about an evening party on April 23rd for the top 220 holders of TRUMP. Among them, the top 25 on the list will have the opportunity to meet former President Trump in person. This information has driven over 200% of TRUMP transaction volume in just one day, with data recording activity from around 10,000 wallets. The daily trading volume reached 2.3 billion USD – the highest in the month up to that point. Notably, most transactions come from small wallets – investors holding less than 100,000 USD TRUMP. The proportion of small wallets participating in transactions has increased from 46% to 75% shortly after the announcement. Transactions valued at less than 1,000 USD account for 47.2% of the total active wallets, indicating a growing participation of retail investors. The heat of TRUMP tokens is not limited to the blockchain space. On (CEXs)-centralized exchanges, TRUMP has surpassed Dogecoin (DOGE) in daily trading volume — which is the highest level since mid-February. On Wednesday, about 50% of all memecoin trading on centralized platforms was for TRUMP, reflecting a high level of interest from the market. Although the initial excitement has cooled, analysts believe that the TRUMP market may still experience many new fluctuations. The reason is that the deadline for qualifying to attend the evening party is still extended until May 12th. During this period, only those who hold the highest average TRUMP will be considered, which could drive a stronger wave of buying and token circulation.