Trump Memecoin rises 58% after the top owners are allowed to have a private dinner with the President
Memecoin, approved by President Trump, rose on Wednesday after the symbolic founders promised that top owners would receive dinner with America's first “Crypto President”.
Trump's price rose 58%in one hour until Wednesday after symbolic $ 14.70 website He announced that the top 220 owners would be invited to meet his golf club President near Washington near DC on 22 May. An intimate private dinner includes Trump's speech about the future of Crypto. The top 25 owners are invited to the VIP reception and the white house tour is given.
The list of guests of the event “Black Time” will be determined by a chart This will monitor the average investors' average Trump's involvement between April 23 and May 12. The current top owner has 400 005 characters worth $ 5.2 million, at the current price of $ 13.01.
“The competition is fierce,” says the website. “Let the President know how many $ Trump coins belong to you!”
Opening of the Trump badge
At the end of last week, Memecoin creators and Trump were put on Memecoin creators and Cic Digital for $ 40 million more opening tokenTo. It is known that openings reduce the symbolic value, increasing its existing offer, and often lead to important points of sale, as the symbolic inserts lead to their participation in profit.
Despite the fear that the Trump team will choose to sell, there was no large -scale sales on the weekend, according to the chain chain data company, ChainlySis, which causes increased investors to confidence in symbolic longevity and 10% value. In fact, the chips planned last week will remain locked for additional 90 days, Trump Memecoin account wrote forward X Wednesday.
Trump -related companies have 80% of the symbolic offer after they are all released by 2028. Considering that the $ Trump value had fallen 90% after the initial start -up, dinner could be an effort to support the symbolic price and maximize the value of future sales, Dylan Bane, Analyst Research Company Messar TreasureTo.
“Given the significant decline in the symbolic decline, they are likely to avoid setting a precedent of aggressive outlets, especially if most of the chips are still locked over the next 24 months,” he said.
Conflicts of interest
Dinner also highlights a conflict Created Presidential Mecoin. During Trump's first presidency, ethical organizations criticized the use of the President's various hotels by people – in both domestic and foreign – before the government. This time, Trump will give Kryptov for activities, including his Memecoin and Defi Company World Liberty Financial, a simpler and more anonymous way to bribe or influence the President's bribe.
Trump Memecoin's legality is still a gray area. “The President does not have much precedent the owner of the property and in particular the property of the property,” Jordan Libowitz, Vice President of the Washington Guard Citizens' Responsibility and Ethics, has previously been said before A treasure.
But the White House denies the ethical issue of Memecoin. “President Trump's assets are in a trust that his children are managed by his children,” said Anna Kelly, deputy of the White House A treasure. “There is no interest in conflict.”
This story was originally reflected Fortune.com
