TRUMP Meme Coin Volume Explodes After Political Dinner Leak—Because Nothing Says ’Sound Investment’ Like Celebrity Gossip
On-chain data from Kaiko reveals a 300% spike in TRUMP meme coin transactions within 24 hours of the dinner announcement—proof that crypto traders still think ’viral’ means ’valuable.’
The rally defies the usual dump-after-pump pattern—for now. Watch wallets, not headlines, unless you enjoy buying the top.
Bonus jab: Wall Street spends millions on research, while crypto just needs a Trump tweet and a steak dinner.
TRUMP dinner sparks surge in meme coin activity
President Donald Trump-backed meme coin, TRUMP saw a surge in trading activity following an announcement from its team that they would be holding a dinner in May with the top 220 holders of the project.
Kaiko Research reported that the TRUMP token’s on-chain activity surged over 200% after the dinner announcement, driven by nearly 10,000 wallets trading to secure a dinner spot. As a result, total transaction volume exceeded $2.3 billion.
A significant portion of this volume came from retail participants, particularly holders with less than $100,000 worth of TRUMP tokens. This group dominated trading activity, contributing to a noticeable rise in smaller-value transfers.
Kaiko also observed a substantial uptick in trading on Wednesday, with TRUMP accounting for nearly 50% of all meme coin trading volume on centralized exchanges. This marks its highest daily trading volume since mid-February and third-largest trading day on record, with volume surpassing $2 billion.
Following the announcement, TRUMP surged by 60%, climbing from $9 to approximately $14 within 24 hours. The token also accounted for nearly 50% of all meme coin trading volume on centralized exchanges.
However, the momentum has cooled, as the token has maintained a horizontal trend since the initial wave of investor enthusiasm subsided.
In an official update on the token’s website, the team behind TRUMP revealed plans to host an exclusive dinner on May 18 for its top holders. Eligibility is limited to the top 220 wallets holding TRUMP tokens as of May 12. Additionally, the top 25 holders will allegedly be granted a private meet-and-greet with President Trump and a White House tour.
