Could Trump Dinner Fuel Memecoin ATH Like BTC Surge?

Can Trump Dinner Push the Memecoin Toward a New All Time High?

In a surprising move that has shaken both the crypto market, U.S. President Donald Trump is set to host a high-profile dinner today, May 22, for the top 220 $TRUMP memecoin holders. The gala will take place at the Trump National Golf Club in Washington. This is being called a “once-in-a-lifetime invitation” by the organizers.

Whales Dive In Ahead of the Dinner

As excitement is created around the event, crypto whales are making big moves. According to data shared by Lookonchain, three major investors have bought over 539,000 $TRUMP tokens, spending roughly $7.5 million in just minutes on Binance. 

Many are questioning the sudden crush of people buying stocks. A number of community members think this may be a way for insiders to purchase more shares before any news comes from inside the meeting. Top 25 token holders will also get an exclusive tour of the White House, hinting that there’s more involved than just enjoying a meal.

Controversy Around Political Access

The dinner has sparked discussion in the United States. Critics say it is crossing the boundaries between politics and crypto. Senator Blumenthal questioned the behavior, saying it wasn’t ethical that prominent crypto figures, including Justin Sun, get to interact privately with a politician.

Tron’s founder Sun recently said he is the top-ranking owner of memecoin. He will dine with the president and has shown his backing for the former president online. Before, Sun received legal attention that only furthers concerns over the identity of the founder of this token.

Is There Something Bigger Going On?

The memecoin has seen an incredible rise of over 1,100% since launching in January. Currently trading at $14.36, it’s brought in an estimated $300 million for companies connected to the President, including Fight Fight Fight LLC and CIC Digital LLC, which is linked to the Trump Organization.

Source: CoinMarketCap

The fact that 80% of the coin supply links back to the president is leading some to believe his team is using memecoins to turn their political fame into money. Lots of people are curious if the price will be pushed up after the gala event or if it’s a designed move by the early investors.

It is speculated that an important announcement could happen at the dinner, connected either to his 2024 campaign or to a new crypto business. Having whales invest while small investors are wondering if they’re missing out or what comes after, it remains unclear for many.

Bitcoin Breaks All-Time High

Adding to the buzz is Bitcoin’s recent price explosion. On May 21, just one day before the dinner, BTC reached a record-breaking $111,000. This milestone came nearly 15 years after the famous “Bitcoin Pizza Day,” when Laszlo Hanyecz, a programmer purchased two pizzas for 10,000 BTC, then only for $41. Ethereum also increased by 0.87%, Solana by 2.98%, XRP by 0.74% within 24 hours as per the CoinMarketCap. 

Bitcoin’s rally has created a feel-good moment in the crypto world, and some investors are wondering: could the memecoin follow in BTC’s footsteps?

Can $TRUMP Memecoin Hit an All-Time High?

The question arises is if this Trump Memecoin can duplicate Bitcoin’s trend as the president meets with its founders. With politicians shouting, whales arriving and big money involved, interest in tonight’s dinner is high.

Whether it’s a genuine crypto event or a calculated marketing move, one thing is clear: TRUMP memecoin is not just a joke, it’s turning into a serious player in the world of crypto and politics.