Trump coin surged 50%, market capitalization reached $2.6 billion, dinner news ignited the market.

BlockBeats news, on April 24, the meme coin $TRUMP launched by Trump surged nearly 50%, with the coin price reaching $16.17 and a market capitalization exceeding $2.6 billion. The rise is attributed to the official announcement: on May 22, the top 220 holders will be invited to a golf dinner, with the top 25 receiving private reception and a tour of the White House, triggering a trading frenzy, with a single-day trading volume exceeding $270 million. The total supply of the coin is 1 billion pieces, with only 20% in circulation, while the remaining is in Lock-up Position, raising concerns about conflicts of interest and power. Bitunix analysts suggest: the short-term support level for TRUMP to watch is $10.70, and investors should be wary of unlocking and regulatory risks, and operate cautiously.