Donald Trump’s $Trump meme coin saw a significant price surge following the President’s announcement of exclusive dinners for top investors. The coin’s website labeled the event as the “most EXCLUSIVE INVITATION in the world,” and according to Coinbase, $Trump surged more than 70% after the news. Despite this rise, it remains below its peak of over $74 set shortly after its launch in January.
Upcoming events: private gala dinner at Trump National Golf Club in Potomac Falls, Virginia on May 22, and an exclusive VIP reception with the President for top 25 coin holders. These events are part of crypto ventures by Trump-linked businesses, as he embraces the “crypto president” title. Trump tokens worth $2.5 billion are currently circulating.
Trump’s cryptocurrency involvement sparked controversy, with some industry members criticizing it as a stunt. He signed an executive order this year to create a working group for proposing new crypto regulations. Additionally, he plans to establish a Strategic Bitcoin Reserve and Digital Asset Stockpile that includes various digital currencies.
This week, Trump’s media company plans to launch exchange-traded funds (ETFs) with a focus on American stocks and digital assets. These funds, to be released by Trump Media & Technology Group and partners, are investment products comprising various assets tradable like shares. This move reflects Trump’s increasing presence in the cryptocurrency realm.
Sources News From Various Digital Platforms, Websites, Journalists, And Agencies.
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