Donald Trump’s official meme coin, $TRUMP, soared more than 60% this week, reaching a high of $16.17, following a viral post promising an exclusive gala dinner with the former U.S. President. The announcement ignited investor excitement, driving a sudden spike in trading volume and market interest.
VIP Gala Invitation Fuels Market Buzz
The surge was triggered by a promotional campaign declaring “the most EXCLUSIVE INVITATION in the world.” According to the details, the top 220 buyers of $TRUMP will be invited to a private dinner with Donald Trump on May 22 at the Trump National Golf Club in Washington D.C. Notably, the top 25 investors will receive additional perks, including a VIP reception and a special tour with the former president.
This marketing strategy has effectively reignited momentum around the meme coin, which had previously seen its value drop significantly. As of Thursday morning, however, the token had corrected slightly and was trading at $11.96.
Price History and Trading Insights
Launched on the Solana blockchain just days before Trump’s January 20 inauguration, the $TRUMP coin initially skyrocketed to a peak of $74.59. It then tumbled to as low as $7.14 by early April. Despite the volatility, market data shows the coin has consistently attracted attention due to its political branding and viral marketing tactics.
As of March 12, research from analytics firm Chainalysis revealed that entities tied to the coin’s creation had amassed over $350 million in fees. That figure underscores the financial potential of politically-themed cryptocurrencies in today’s speculative markets.
How to Buy $TRUMP Coin
For investors looking to get in on the action, $TRUMP is listed on major crypto exchanges, including Binance. Here’s a quick guide to purchase:
| Step | Action |
|---|---|
| 1 | Visit Binance |
| 2 | Search for ‘Trump/USDT’ |
| 3 | Buy with USDT (Tether) |
Note: Users must first acquire USDT, a stablecoin pegged to the U.S. dollar, before purchasing $TRUMP.
Bitcoin Continues Upward Climb
Meanwhile, Bitcoin (BTC) has maintained strong momentum, currently trading around $93,230. The cryptocurrency briefly crossed the $94,000 mark and has gained over 10% in the past four days. As of 10:10 a.m. Thursday, BTC was up nearly 2.9%, trading at $93,925.
According to CoinSwitch Markets Desk, Bitcoin has now moved above its 50-, 100-, and 200-day moving averages. The price rally aligns with geopolitical signals, including Trump’s remarks on U.S.–China trade tensions easing. Adding to the bullish tone, Cantor Fitzgerald’s newly formed Cantor Equity Partners, in collaboration with SoftBank, Tether, and Bitfinex, announced a $3 billion investment initiative called 21 Capital.
This institutional confidence continues to drive optimism in the broader crypto market, reinforcing the growing convergence of finance, politics, and digital assets.