President Donald Trump on April 23, 2025 revealed he will be holding dinner for top Trump memecoin holders triggering a surge of over 50% in the $TRUMP meme coin’s price, boosting its market value to $2.7 billion and significantly increasing the paper wealth of insiders and early backers

Event date

May 5, 2025

Quotes that support claims

The $TRUMP meme coin surged more than 50% after the dinner news broke, boosting its total market value to $2.7 billion.

Still, the contest has supercharged demand for the coin — and lined the pockets of its creators. The $TRUMP token surged more than 50% after the gala was announced, boosting the paper value of wallets controlled by insiders and early backers.

Two subsidiaries of the Trump Organization, a conglomerate owned by the president, control 80 percent of the total supply of the coin, which shot up in price by almost 60 percent after the announcement.

Trump’s dinner announcement on April 23 instigated a trading frenzy that, on paper, added hundreds of millions of dollars to his net worth.

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Week 19 of 2025