2 weeks ago
TRUMP, marketed arsenic Donald Trump's authoritative crypto token, rallied connected Wednesday arsenic an invitation to a meal lawsuit with the U.S. President for token holders appeared connected the project's website.
"Join President Donald J. Trump astatine his Private, Members-Only Club successful Washington, D.C. for Dinner!," a banner astir the lawsuit connected the project's website said.
The invitation is targeted for the 220 largest token holders, per the event's website.
The token surged implicit 70% pursuing the quality concisely hitting $16, its strongest terms since aboriginal March. Later it retraced to beneath $13, inactive up 43% implicit the past 24 hours.
The event, notably, comes aft $300 cardinal worthy of antecedently locked-up TRUMP tokens were added to circulation connected April 18, according to Tokenomist data. Some 75% of each existing tokens are inactive locked up, with the adjacent unlock coming up successful July expanding the proviso by implicit $600 cardinal of coins.
The TRUMP token, launched lone days earlier Donald Trump's statesmanlike inauguration connected January 20, was met with industry-wide backlash for capitalizing connected the attraction and Trump's nationalist bureau and dense allocations to insiders.
The motorboat besides marked the highest successful speculative froth connected crypto markets. Bitcoin (BTC) declined implicit 30% from record prices successful the pursuing weeks, portion galore smaller, much speculative cryptocurrencies suffered 80%-90% drawdowns.
Despite today's rally, TRUMP coin inactive trades much than 80% beneath its January 19 grounds terms of $73.
Read more: TRUMP Coin's Biggest Critics Are Crypto Industry Insiders
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