Trump, marketed Donald Trump’s official crypto token, joined Wednesday as an invitation to a dinner with the American president for token holders appeared on the project website.
“Join President Donald J. Trump in his private club reserved for members in Washington, DC for dinner!”, Said a banner on the event website.
The invitation is targeted for the 220 largest tokens holders, according to the event website.
The token increased by more than 70% following the news which briefly reached $ 16, its highest price since early March. Later, he retraced less than $ 13, still up 43% in the last 24 hours.
The event, in particular, comes after 300 million dollars of previously locked Trump tokens were added to traffic on April 18, according to Tokenomist data. Some 75% of all existing tokens are still locked, the next unlock to come in July increasing the offer by more than $ 600 million in parts.
The Trump token, launched only a few days before the presidential inauguration of Donald Trump on January 20, was encountered with industry -scale counter -levels for capitalizing on Trump’s attention and public service and strong benefits to initiates.
The launch also marked the speculative foam peak on cryptographic markets. Bitcoin (BTC) decreased by more than 30% of record prices in the following weeks, while many smaller and more speculative cryptocurrencies have undergone titles from 80% to 90%.
Despite today’s rally, Trump Coin is still negotiating more than 80% below its January 19 record price of $ 73.
Read more: Trump Coin’s biggest criticism are the initiates of the cryptographic industry
