By cryptoadmin 
A pockets that’s been inactive for 5 months lately bought TRUMP tokens price $1.5 million. The presidential meme coin has seen a surge in dealer exercise after the highest holders’ unique dinner announcement.
In keeping with on-chain knowledge from Lookonchain, on April 24 the pockets withdrew 1.5 million USDC (USDC) from Binance. The pockets holder then used the newly acquired USDC to buy 123,228 tokens, every valued at a value of round $12.17.
The on-chain evaluation platform speculated that the dealer could possibly be trying to accumulate extra presidential meme cash so as to “safe a seat on the $TRUMP dinner.”
For the reason that developer workforce behind the undertaking introduced that they’d be holding an unique dinner occasion with the President of the U.S. for prime token holders, the worth of the meme coin skyrocketed as excessive as 70% as extra merchants flocked to get ahold of the token for an viewers with the president.
Value chart for TRUMP meme cash after the unique prime holders’ dinner announcement, April 24, 2025 | Supply: crypto.information You may also like: TRUMP builders take away $4.6m from liquidity pool, elevating rug pull issues
The official TRUMP (TRUMP) meme coin is at present valued at $12.46 per token, retracting barely from its earlier excessive of $16.03 on the day the undertaking workforce made the announcement. At press time, the token has gone up greater than 32% up to now 24 hours of buying and selling.
To this point, the token’s every day buying and selling quantity has soared almost 500% after the dinner announcement, reaching as excessive as $5.4 billion up to now 24 hours. This means a lift in dealer exercise because of the official announcement.
Only a week prior, on April 16, the developer workforce behind the official meme coin went underneath scrutiny after it eliminated $4.6 million USDC from its liquidity pool. This led merchants on X to invest the workforce was planning an enormous sell-off, or {that a} rug-pull was on the horizon.
Who will get an invitation to the unique TRUMP dinner?
In keeping with the meme coin’s official web site, solely the highest 220 of $TRUMP coin holders will obtain an unique invitation to a dinner with President Donald Trump. Merchants can attempt their luck by registering on the location by connecting their pockets.
In keeping with the announcement, the unique dinner is about to happen on Could twenty second, 2025.
Alongside the unique dinner, the undertaking additionally inspired merchants to carry onto their tokens for a short time longer. The workforce declared that it’s going to postpone each its preliminary token unlock and the following three months of every day unlocks by 90 days every.
It’s doable that this determination was made so as to scale back short-term promoting stress and preserve the token’s value from slipping forward of the occasion or afterwards.
Learn extra: Trump’s memecoin surges over 70% after unique dinner introduced for prime holders