TRUMP rises after announcement of investor meeting with Trump at Mar-a-Lago
The Official Trump (TRUMP) memecoin edged higher after the project team announced a new private event for the token’s largest holders. Organizers said investors may receive invitations to a dinner with U.S. President Donald Trump at his Mar-a-Lago residence.
The news came as the asset had recently been declining and had just reached a local low, Politico reported. Despite the rebound, the memecoin is still trading well below the levels seen shortly after its launch.
Dinner for top TRUMP holders
Organizers said invitations will be issued to 297 holders of the coin, selected based on the time-weighted average balance of their holdings between March 12 and April 10. Participants will also be required to undergo a standard background check.
From that group, 29 of the largest holders will gain access to a separate private reception with Trump. The project’s website lists the U.S. president as the main speaker at the event. However, a White House representative noted that the meeting does not appear on Trump’s official schedule and is set to take place on the same day as the annual White House Correspondents’ Dinner.
This will be the second such event for TRUMP holders. The first meeting took place last May at Trump’s golf club. Among the largest participants at that time was Tron founder Justin Sun, who received commemorative watches during the ceremony. Infinex founder Kain Warwick was also among the investors who accumulated enough tokens to attend.
Following the announcement, the market reacted with a price increase. TRUMP jumped to about $3.23, recovering from a drop to around $2.7 just hours earlier. Even so, the asset remains roughly 95% below its all-time high, recorded in January 2025.
TRUMP price performance. Source: TradingView
Politics, memecoins, and market reaction
TRUMP remains one of the most widely discussed political memecoins in the crypto market. Private events for investors attract attention from the crypto community while also drawing criticism from politicians.
During the first gathering of token holders, protesters gathered near the venue and shouted at guests: “Shame!” and “Hope you choke on your dinner!”
Critics argue that such events could create conflicts of interest and fuel speculative demand for the crypto asset. At the same time, memecoins linked to political figures continue to attract traders. When major headlines emerge, these assets often experience sharp price swings, though their long-term sustainability remains uncertain.
At the same time, Trump continues to invest in traditional financial instruments. According to financial disclosures, the U.S. president purchased more than $1.1 million in corporate bonds issued by Netflix and Warner Bros. Discovery, adding them to his personal investment portfolio.
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