The price of Donald Trump cryptocurrency, $Trump, has surged by more than 70% following an exclusive announcement from the president himself. The $Trump meme coin’s value jumped after Trump revealed plans to host two special events for the cryptocurrency’s top investors.
The official website for the $Trump meme coin announced that its 220 largest holders will be invited to a private gala dinner with the president on May 22, 2025, calling it the “most EXCLUSIVE INVITATION in the world.” The event will take place at the Trump National Golf Club in Washington, D.C. Additionally, the top 25 holders will receive access to a private VIP reception with Trump.
Despite this recent surge, $Trump remains far below its all-time high of over $74 (£42.40), which occurred shortly after the coin’s launch in January 2025. As of now, the total value of the Trump token in circulation is approximately $2.5 billion.
Trump’s Crypto Ventures Spark Debate in the Digital Currency Community
The announcement has sparked significant interest and debate in the crypto industry. Critics have labeled the move as a “stunt,” while others see it as a strategic way to rally support for the meme coin and engage his base. The Trump cryptocurrency is part of several crypto-related ventures launched by businesses connected to the president, who has embraced the title of “crypto president.”
This cryptocurrency initiative follows a pattern of expanding Trump’s influence in the digital currency space. Along with the $Trump meme coin, First Lady Melania Trump also launched her own cryptocurrency on the eve of Trump’s inauguration in January 2025.
Trump’s Executive Order on Cryptocurrencies and Future Digital Asset Plans
In a broader push for digital asset regulation, Trump signed an executive order earlier this year to create a presidential working group focused on developing new cryptocurrency laws. Additionally, the president has signed an order to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile, which will include various digital currencies seized by the federal government through criminal or civil actions.
This week, Trump’s media company, Trump Media & Technology Group, which owns the Truth Social platform, also announced plans to launch exchange-traded funds (ETFs). These funds will focus on digital assets and stocks, with an emphasis on “Made in America” investments.
Meme Coins and Speculation in the Crypto Space
Meme coins, including $Trump, have gained popularity among speculators who seek to capitalize on the viral nature of internet culture. These coins often gain value as fans of celebrities, movements, or internet phenomena purchase them to show support. However, some analysts warn that their speculative nature makes them a volatile investment.
As Trump continues to navigate the cryptocurrency landscape, his ventures could have a lasting impact on the broader digital asset market, with potential regulatory shifts and new financial products on the horizon.
