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Fortune
Fortune
Catherine McGrath

Trump memecoin spikes 58% in value after top holders are promised a private dinner with the president

(Credit: BRENDAN SMIALOWSKI/AFP—Getty Images)

President Trump’s endorsed memecoin soared in value on Wednesday after the token’s founders promised that top holders would be able to have dinner with America’s first “crypto president.” 

The price of $TRUMP, skyrocketed 58% within one hour to $14.70 on Wednesday after the token’s website announced that the top 220 holders will be invited to meet the president at his golf club near Washington, D.C., on May 22. The “intimate private dinner” will include a speech from Trump about the future of crypto. The top 25 holders will be invited to a “VIP reception” and given a White House tour. 

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