Trump's Exclusive Dinner Boosts $TRUMP Memecoin 70%

President Donald Trump has announced an exclusive dinner for the top 220 holders of the Official Trump ($TRUMP) memecoin, scheduled for May 22, 2025, at the Trump National Golf Club in Washington D.C. This event is part of a broader strategy to engage with the crypto community and capitalize on the renewed interest in the $TRUMP memecoin.

The selection process for the dinner involves a real-time leaderboard that was unveiled on Wednesday. Users can register and compete for the top 220 positions, with the leaderboard closing on May 12. The top 25 holders will receive an additional VIP reception with the president and a special tour of the White House, adding an extra layer of exclusivity to the event.

The announcement has sparked significant interest among investors, particularly whale investors who are scrambling to accumulate $TRUMP tokens. On-chain data indicates a sharp uptick in whale activity, with some investors spending millions to secure their positions. For example, one whale investor purchased 407,467 TRUMP tokens at approximately $12.27, demonstrating the high stakes involved.

However, not all investors have been fortunate. Some sold their TRUMP tokens before the announcement, missing out on the potential gains. The Fear of Missing Out (FOMO) triggered by the Trump dinner news is expected to catalyze more bullish sentiment and attract additional investors in the near term.

The $TRUMP memecoin has experienced a significant rally, surging more than 70 percent in the past 24 hours to trade at about $13.65. This surge is part of a broader bullish outlook for the crypto market, with the $TRUMP memecoin recording a 400 percent increase in its 24-hour average trading volume. The memecoin, based on the Solana blockchain, has a fully diluted valuation of about $13.5 billion, highlighting its growing prominence in the crypto space.

The recent price rebound of the $TRUMP memecoin suggests that it may have kickstarted a fresh bull rally. Technical indicators, such as the four-hour Relative Strength Index (RSI) and the four-hour MACD indicator, support this bullish outlook. The RSI has formed a bullish divergence and spiked above the 70 percent level for the first time in 2025, while the MACD indicator has flipped bullish after weeks of signaling bearish sentiment.

This event not only underscores President Trump's engagement with the crypto community but also highlights the potential for memecoins to gain traction in the broader market. The exclusive dinner serves as a unique opportunity for top $TRUMP holders to interact with the and gain insights into his vision for the future of cryptocurrency. The event is expected to generate significant buzz and attract more investors to the $TRUMP memecoin, further solidifying its position in the crypto landscape.