In a nutshell
- Following a jump on Wednesday, President Trump’s recognized meme coin has fallen significantly over the past day.
- A promotion that will allow best token holders to attend a lavish dinner with Trump triggered the spike.
As crypto traders fought for the chance to attend a lavish dinner for major holders, TRUMP, the standard Solana joke penny of President Donald Trump, is currently in the red on Thursday.
According to data from CoinGecko, which shows a significant decline over the past day, the coin has fallen 18 % over the past 24 hours to reach its current price of$ 11.81. By the end of the day on Wednesday, the rate had fallen to about$ 12, and it has since remained above and below that level on Thursday.
After the GetTrumpMemes team behind the token announced that the top 220 registered holders will be able to attend an exclusive dinner in Washington D.C. next month, the price of TRUMP increased to as high as$ 14.72 on Wednesday.
Republican supporters are required to sign up for the official website, provide identifying information, and connect to a wallet that holds the tokens in question. The highest amount seen for Trump’s image gold on Wednesday was the top of its top since early March.
TRUMP is still up 58 % on the week, but it has only increased 2 % in the past 30 days. Trump’s record high of$ 73, which was set in January when the surprise coin was introduced ahead of Trump’s inauguration, is now down 84 %.
The top 25 Republican key holders will also be eligible for an “ultra-exclusive personal VIP reception,” according to the token’s site.
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