TRUMP’s 80% Surge: How an Exclusive Dinner Triggered a 200% Increase In On-Chain Transactions
An exclusive dinner event for holders of the TRUMP token has been announced by President Trump, targeting the top 220 holders, with the top 25 receiving a chance to meet him. Following the announcement, TRUMP's price surged 80% to approximately $16, reversing a previous decline. On April 23, nearly 10,000 wallets transferred TRUMP tokens, a 200% increase from the prior day, with trading volume reaching $2.3 billion. Smaller holders drove this activity, with transactions under $1,000 making up 47.2% of active wallets. The token accounted for nearly 50% of all memecoin trading volume on centralized exchanges. The eligibility deadline for the dinner is expected to further stimulate trading. Bitcoin's dominance remains high, with a 37% chance it will exceed $100,000 by month-end, currently trading near $74,000. The TRUMP token trades at $14.29, down 1.1% in the last 24 hours.
