Trump memecoin spikes 58% in value after top holders are promised a private dinner with the president
The value approved by president Trump increased in the value on Wednesday after the founders of the symbol promised that senior owners could have dinner with the first “chief encryption” in America.
The price of $ Trump, which rose 58 % in one hour to $ 14.70 on Wednesday, increased after the distinguished symbol site announced that the best 220 holders will be invited to meet the president at the Golf Club near Washington, DC, on May 22. “Special Dinger” will include a letter from the future of Crypto. The 25 best pregnant women will be invited to “receiving VIP” and given a White House tour.
The list of guests for the “Black Optional” event will be determined by the leaders of the leaders that will follow the average average property for investors between April 23 and May 12. The current current pregnant woman has 400,005 symbols, at a value of $ 5.2 million at its current price of $ 13.01.
The site says: “The competition is fierce.” “Let the president know the number of Trump coins you own!”
Trump icon opened
Late last week, $ 40 million of additional symbols of $ TROMP for Memecoin and Cic Digital, a TROMP company, was released in the so -called distinctive symbol. It is known that the cancellation holes reduce the value of the distinctive symbol by increasing the available supply, and often lead to large sales where the RCA discharges their property for profit.
Despite fears that the Trump team would choose to sell, there were no wide sales during the weekend, according to Blockchain Data Chainalysis, which increases the investor confidence in the length of the distinctive symbol and 10 %. In fact, the symbols that were scheduled to be released last week would remain closed for an additional 90 days, as the Trump Mimikoin account wrote on Wednesday.
Trump -related companies that retain 80 % of the distinctive symbol supply after all of them are launched by 2028. Given that the value of $ Trump has decreased by 90 % since its initial launch, dinner may be an attempt to support the distinctive code price and increase the value of the holders of any future sales, and Dylan Bane, an analyst at Messari, luck.
He said: “Given the decrease in the distinctive symbol since its launch, it is possible that they want to avoid a previous situation of aggressive sales, especially with the majority of the symbols are still closed in the next 24 months.”
Conflict
Dinner also sheds light on the conflict of interests created by the presidential mechanical. During Trump’s first presidency, ethics organizations criticized the use of the president’s various hotels by people – whether local or foreign – with matters in front of the government. This time, the Trump Group offers Crypto projects, including Memecoin and Defi World Liberty Financial, an easier and more unknown means of bribery or influencing the president.
The legitimacy of Mimikoin Trump remains a gray area. “There is not a lot of a precedent for the president to be the owner of the public in the public, especially Mimi’s origins,” he told Jordan Leibitz, Vice President to the citizens of the International Energy Agency with responsibility and morals in Washington, luck.
However, the White House denies that the mechanics represent an ethical issue. Anna Kelly, Deputy Secretary of the White House, said, ” luck. “There is no conflict of interests.”
This story was originally appeared on Fortune.com
Don’t miss more hot News like this! Click here to discover the latest in Business news!
2025-04-23 20:31:00
