Trump's meme coin, which had fizzled in value, surges after offer of dinner with the president
CBSN
President Trump's meme coin, which had slumped 88% from its most recent high, got a boost Wednesday after its website invited the top 220 holders of the digital token to an "intimate private dinner" with the president.
After the dinner offer was posted on the $TRUMP meme coin website and X account, the value of the meme coin surged as much as $5.32, or 58%, to $14.32 on Wednesday afternoon. That gain only partially erased the meme coin's decline in value, which hit a peak of $75.35 on January 19 the day before Mr. Trump's inauguration.
The dinner offer promises $TRUMP coin investors the opportunity to "Hear close-up, from President Trump, about the future of Crypto!" Mr. Trump, who has vowed to turn the U.S. into the cryptocurrency capital of the world, has also pushed his own ventures into the realm of digital products, issuing everything from NFTs billed as "Trump digital trading cards" to a cryptocurrency platform called World Liberty Financial.
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