TRUMP memecoin has risen sharply after the announcement of a private event with the US President for top holders

A memecoin in honor of the 47th President of the United States called TRUMP has been depreciating for a long time. However, on April 24, the coin suddenly jumped by as much as 70%. Later, the price pulled back: +32.40% — to $12.18. But this is still far from the January high of $74.

As it turned out, on May 22 will take place a private meeting and dinner at the Trump National Golf Club in Washington, D.C., with Donald Trump, which is open only to the top 220 memecoin owners. Of these, the top 25 TRUMP holders will have a private VIP tour and can expect to meet Trump in person.

There are 999.99 million TRUMP tokens in circulation, and the total market capitalization reaches $2.43 billion (for comparison, at its peak it reached $15 billion).

Shortly after returning to the White House for the second time, Trump signed a decree establishing a presidential working group tasked with developing new laws and regulations for the regulation of cryptocurrencies. He also signed an order for creation of a strategic reserve of bitcoins, as well as a stock of digital assets from American companies. These will be tokens confiscated by the federal government as part of criminal or civil proceedings.

Also, this week, the Trump Media & Technology Group announces plans to launch cryptocurrency ETFs with Crypto.com.