An animate image of the American president elected Donald Trump with cryptocurrency tokens, represented in front of the White House to mark his inauguration, exhibited in a Coinhero store in Hong Kong, in China, Monday, January 20, 2025.
Paul Yeung | Bloomberg | Getty images
The room even $ Trump jumped more than 50% on Wednesday after the 220 best token holders were promised with the president.
“Dinner in Washington, DC with President Trump”, reads a message On the first page of the Trump Coin website. Dinner – Black Tie as an option – is scheduled for May 22, with a reception for the 25 best wallets. A “VIP VIP visit” will take place the next day, says the site.
The price increase gives parts of $ Trump traffic a total value of $ 2.7 billion. He had by far the greatest movement of any cryptocurrency, exceeding Suis, which increased by 23%, according to Coinmarketcap.
The Trump Coin made its debut in January, just before the inauguration, offering a first indication of the president's desire to embrace the crypto and the creation of wealth he offers him and his family. The market capitalization of the project has climbed to almost $ 15 billion dollars almost instantly, fueled by Trump's messages on Truth Social and X declaring: “It's time to celebrate everything we defend: win!” In a few days, he had lost most of his value.
First lady Melania Trump also launched her own room – $ Melania -. He briefly exceeded $ 2 billion in market value before crashing alongside $ Trump.
Shortly after the launch of the $ Trump and $ Melania parts, the dry Orientation issued Indicating that tokens even are not considered as titles, effectively protecting the projects from an immediate regulatory examination.
Until now, only 20% of $ Trump's offer has been available for trade. The remaining 80% – held by initiates – remain locked as part of a three -year acquisition calendar. The first tranche should unlock soon, freeing millions of dollars of tokens for sale and potentially allowing President Trump and the project initiates to enjoy Wednesday pop.
As for most coins, there is no underlying product or service. The project website claims that 80% of the tokens supply is held by the Trump organization and the affiliated entities.
WATCH: The Director of the Digital Assets Council, Bo Hines, on the priorities of the Trump cryptography working group
