Trump Meme Coin Price, Trading Volume Skyrocket as Holders Vie for Exclusive Event Access
The Solana-based meme coin TRUMP, associated with President Trump, surged about 35% in price in 24 hours, trading around $3.75 after an exclusive Mar-a-Lago event was announced for top holders. Trading volume spiked, reaching $292 million on the announcement day and $1.78 billion over 24 hours, compared to $72 million the previous day. A Solana address flagged by Arkham Intelligence received 2.2 million TRUMP tokens (over $8 million), up by $2 million in 24 hours, though the origin of these tokens is unclear. The address has also traded large volumes of the MELANIA coin, associated with Melania Trump, which rose 12% in 24 hours but remains down 99% from its peak. The upcoming event will host the top 297 TRUMP holders at a special lunch with Trump as keynote speaker, with the top 29 holders receiving VIP access. This practice of offering access for token holders drew criticism from some lawmakers, citing concerns about the potential for foreign influence.
