The Official Trump (TRUMP) meme coin, recognized as the official meme token of U.S. President Donald Trump, experienced a major price surge following the announcement of an exclusive dinner invitation with Trump himself.

“Join President Donald J. Trump at his Members-Only Private Club in Washington, D.C. for an Exclusive Dinner!” read the invitation posted on GetTrumpMemes.com. The event is specifically intended for the top 220 holders of the TRUMP token.

This announcement triggered an immediate price jump of over 70%, with TRUMP soaring from US$9 to a daily high of US$15.5. At the time of writing, the token had corrected to around US$12, based on CoinMarketCap data.

Trading volume also skyrocketed, surging by more than 540% to approximately US$4.8 billion, while the market capitalization currently stands at US$2.37 billion.

Despite the rally, TRUMP remains more than 83% below its all-time high of over US$75, which was reached on January 19, 2025.

Price Rally Amid Token Unlock Schedule

The spike coincided with the release of approximately US$300 million worth of previously locked TRUMP tokens on April 18, according to Tokenomist. The next unlock, expected in July, could inject over US$600 million worth of additional supply into the market.

TRUMP tokens were launched just days ahead of Donald Trump’s official nomination as a presidential candidate on January 20, 2025. The launch sparked controversy in the crypto world, as many viewed it as exploiting Trump’s political fame and public image, while also raising concerns over large insider allocations.

At the time, the TRUMP token represented the height of crypto market speculation, aligning with Bitcoin’s historic rise to an all-time high above US$109,100.