TRUMP has surged 33.5% in value; news spread about a planned exclusive event for its largest investors.
The exclusive event is expected to take place at Mar-a-Lago and would feature Donald Trump as the keynote speaker. The gathering has been described as a highly exclusive conference for crypto and business figures.
According to the details published on the memecoin’s official website and social media pages, the gathering is scheduled for April 25th and has been promoted as the most exclusive event for crypto and business interests in the world.
The announcement has so far attracted the attention of many people in the large crypto community, especially investors who hold large amounts of the token.
Also Read: Whales Accumulate 4.5M $TRUMP Despite Price Drop
The event would include a luncheon where Trump is expected to deliver a keynote address. In addition to the luncheon, the top 29 investors in the token are said to be invited to a smaller private reception with the president, giving them direct access and networking opportunities.
The announcement of the event caused the token to make a noticeable move in its performance. Within the last 24 hours, the price of the TRUMP rose by over 33%.
Although this is not the first exclusive dinner President Trump is hosting regarding his memecoin, the token’s price reacted positively to the news.
According to data from CoinMarketcap, the token has risen by 1.2% in 1 hour, and overall it has risen by 21% in the last seven days.
Aside from the news on the token, another major cause of the increase is whales’ interests in the token. Within the last seven days, according to TronWeekly, large holders of the memecoin have consistently bought the asset.
The surge in activity goes to show how quickly market sentiment can shift when news about exclusive benefits or access becomes public.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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