Trump memecoin spikes 58% in value after top holders are promised a private dinner with the president

Quick Summary:

The announcement comes as 40 million additional $Trump tokens were set to be released.

During Trump's first presidency, ethics organizations criticized the use of the president’s various hotels by people—both domestic and foreign—with matters before the government.

Unlocks have been known to reduce the value of a token by increasing its available supply, and often leading to major sell-offs as token insiders dump their holdings for profit.

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Article Details

Author / Journalist: Catherine McGrath

Category: EconomyBusiness

Markets: United States

Topics: Cryptocurrency Memes Donald Trump Conflicts of interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 20:31:53 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 553 words

Reading Time: 4 minutes read

Sentences: 5 lines

Sentence Length: 111 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28177841

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 57 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

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Publisher ID: #95

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