Trump Cryptocurrency Dinner Sparks Massive On-Chain Transactions
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The Trump meme coin, TRUMP, saw a significant value increase following the announcement that top holders have a chance to attend a private dinner or meet with the current president. The event announcement led to $240 million in transfers and a 200% increase in trading volume within 24 hours, with the TRUMP price rising from $9 to $14.5. While Trump attempts to demonstrate the value of meme coins, this move has also drawn attention from political opponents and ethics advocates.
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