Recently, $TRUMP, a memecoin tied to Donald Trump, pumps by over 70% following his announcement of an exclusive gala for the top 220 token holders. Hosted at the Trump National Golf Club in Washington, D.C., this event has sparked massive interest, driving the token’s price to new heights and reinforcing Trump’s influence in the crypto space.
$TRUMP Pumps Hard on Trump’s Announcement
On April 24, 2025, Donald Trump announced a gala scheduled for May 22 at his Trump National Golf Club in Washington, D.C. The event is exclusively for the top 220 $TRUMP memecoin holders, determined by their average holdings between April 23 and May 12.
Besides, the top 15 holders will receive an exclusive pre-dinner reception and a private tour of the White House, adding to the event’s allure. On his site, he also emphasized that “the more $TRUMP you hold — and the longer you hold it — the higher your ranking will be.” Until now, to have a ticket for dinner with the U.S. president, you have to pay more than $374,000, such a huge fortune.
Top 220 $TRUMP’s holders – Source: Solscan
This announcement triggered an explosive rally, with TRUMP surging from approximately $9 to nearly $14 in a matter of hours, marking a gain of over 70%.
Source: TradingView
Despite several token unlocks this year, which typically exert downward pressure on prices, $TRUMP has maintained a steady upward trajectory. The token’s resilience amid increased circulating supply underscores the strong community support and speculative fervor surrounding Trump’s involvement.
Launched in late January, $TRUMP has become a focal point in the memecoin market, though it has faced criticism for undermining the credibility of the crypto industry. However, the gala announcement has cemented its position as a market mover, with trading volumes spiking as investors rush to secure their spots.
Read more: TRUMP Memecoin Price Prediction from April to May, 2025
Trump’s Crypto-Friendly Policies Boost Market Sentiment
Since taking office, Trump has made several pro-cryptocurrency moves that have significantly influenced market dynamics, particularly for $TRUMP. His administration has signaled a more lenient regulatory stance on digital assets, contrasting with the stricter policies of previous years. His decision to launch and promote a memecoin – $TRUMP tied to his personal brand was a bold step, blending political influence with speculative finance in a way that has captivated the market.
The $TRUMP token has benefited immensely from Trump’s crypto-friendly rhetoric and high-profile endorsements. For instance, his support for the GENIUS and STABLE Acts to regulate stablecoins aligns with his USD1 launch via World Liberty Financial.
His March 2025 executive order created a Strategic Bitcoin Reserve and Digital Asset Stockpile, halting government Bitcoin sales, while appointing crypto advocates Paul Atkins as SEC chair and David Sacks as “crypto czar” to push regulatory clarity and lighter oversight, boosting market confidence despite conflict-of-interest concerns.
As the May 22 gala approaches, all eyes are on $TRUMP’s price action and the broader implications of Trump’s crypto agenda. The token’s meteoric rise highlights the power of celebrity-driven narratives in the cryptocurrency market, while Trump’s continued engagement with the sector suggests that $TRUMP may remain a dominant force in the memecoin space for the foreseeable future.
