Cryptocurrency, based on Trump’s “official token,” by President Donald Trump, has surged more than 70% on Wednesday after a monopoly dinner with Trump for 220 token holders on Wednesday.
The event, which was promoted on the project website as the “world’s most exclusive invitation,” has caused a buying craze that has pushed the price of token to almost $ 16 since early March. This price later returned to less than $ 12, and it still has an increase of 40%over the last 24 hours.
According to the Blockchain Analytics platform, a $ 300 million Trump token was distributed on April 18, a $ 300 million Trump token. According to the blockchain analysis platform, about 75%of the total token supply will be secured and will be released in July.
Trump tokens originally started a few days before Trump’s inauguration, and faced a significant backlash from the industry insiders who claimed to use Trump’s name, political impact and public profile. Tokens were also criticized for lack of heavy internal assignments and lack of clear useful use.
Despite Wednesday’s rally, Trump token still trades up to 80% of its history, which has reached $ 73 on January 19.
Trump Memecoin is part of a wide range of tendencies associated with participation with the president’s blockchain -based assets. Over the past two years, Trump has launched four NFT collections and is increasingly related to encryption fundraising and marketing strategies. Such development suggests long -term interest in using the Web3 platform for politics, finance or branding purposes.