$Trump coin is surging again on plans for a dinner with the president and the token's top holders
The token's website said the top 25 holders of the $Trump coin would be invited to an exclusive reception with the president before the dinner.
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- $Trump coin surged as much as 71%Wednesday after plans were announced for an investor dinner with the president.
- A dinner for the top 220 token holders is scheduled for May 22 in Washington, D.C.
- The top 25 holders will attend a reception and a VIP White House tour, according to the token's website.
The $Trump token soared as much as 71% on Wednesday after the project's organizers said President Donald Trump will attend a dinner for the top 220 holders of the meme coin.
The token, launched days before Trump's inauguration in January, hit an intraday high of $16.17 but pared its gains to about 41% at $13.39 at 1:02 p.m. in New York. It's the highest price for the token since the beginning of March.
According to the official website of the meme token, Trump will be in attendance at a dinner scheduled for May 22.
The website read, "Have Dinner in Washington, D.C. With President Trump!" and added, "Will YOU be Having Dinner with PRESIDENT TRUMP?"
Trump sparked a cryptocurrency bonanza earlier this year following his inauguration. In addition to minting his own meme coin, first lady Melania Trump also issued a $Melania token. The president has also made a push into the stablecoin arena via Liberty One Financial, a digital assets venture backed by Trump and his sons. gettrumpmemes.com
The $Trump coin site said the top 25 holders of the token would be invited to an exclusive reception with Trump before the dinner.
"PLUS, We have separately arranged for a Special VIP White House Tour for you - so make sure you stay in town," the website reads.
A disclosure on the website said the tour is being arranged by FightFightFight LLC and that Trump is appearing at the dinner "as a guest and not soliciting any funds for it."
To be eligible to attend, if selected, holders cannot be from a KYC watchlist country, they must pass a background check, and cannot bring guests.
