Trump uses MEME to stir up a storm XBIT (dex Exchange) focuses on the behind-the-scenes of the banquet carnival

ormer US President Trump has recently become the focus of the cryptocurrency market again. The official website of the TRUMP Meme coin he launched suddenly announced that it would hold a luxurious dinner for the top 220 large coin holders. The news stimulated the price of the coin to soar by 75% at one point, and finally fell back to $13.34. XBIT (dex Exchange) strategist pointed out: “This marketing event, which was jokingly called the “cryptocurrency circle dinner”, once again demonstrated Trump’s unique skill in combining political influence with financial  speculation.”

Twitter : @XBITDEX

According to the rules of the event, the top 25 investors in terms of coin holdings can participate in the White House dinner hosted by Trump himself and the VIP tour the next day, and the top 220 coin holders are invited to attend. The official website also launched a coin holding ranking list, requiring investors to continue holding coins from April 23 to May 12 to improve their ranking. Currently, the 25th coin holder must hold about 4,000 TRUMPs (worth $54,000). This “coin holding privilege” mechanism stimulates the market to buy frantically. According to XBIT monitoring, a whale bought 407,000 TRUMPs for $5 million within 30 minutes after the news was announced, and cashed out a profit of $730,000; another investor missed out on $4.5 million in revenue due to selling 630,000 coins in advance.

This is not the first time that Trump has used social events as a marketing tool. In the Trump Trading Cards project launched in 2023, buying 250 NFTs can get a “Supreme Package” including two dinners. The relevant NFTs once set a record of selling out 50,000 copies in one day. XBIT (dex Exchange) researchers said that this TRUMP coin event follows a similar logic: creating scarcity through hunger marketing, stimulating FOMO (fear of missing out) with celebrity endorsements, and ultimately converting into a premium in the secondary market. XBIT data shows that the TRUMP coin has plummeted 82% since its issue price of $75.35 in January, but recent speculation has caused it to briefly rebound to the $13 range.

Twitter : @XBITDEX

Although the TRUMP coin has been widely criticized for insider trading and liquidity depletion, the Trump team seems to have avoided risks on the legal level. The SEC made it clear in February this year that “meme coins with no practical use are not securities”, and the project was launched before Trump took office, which temporarily avoided unconstitutional disputes. However, the market price was heavy: the supporting MELANIA coin fell from $13.76 to $0.49, becoming a typical case of “cryptocurrency PTSD”.

It is worth noting that although the dinner is advertised as “non-political”, Trump has repeatedly delivered campaign-style speeches at similar events, transforming commercial scenes into political mobilization platforms. XBIT (dex Exchange) analysts revealed: “This bundling model of “political personality + financial products” not only opens up new channels for his campaign fundraising, but also pushes up asset prices through the fan economy.” When political halo becomes a financial lever, market risks and moral controversies are superimposed – currently more than 75% of the circulation of TRUMP coins is concentrated in the hands of the top 100 whales, and ordinary investors are becoming risk takers who take over at high prices.

Twitter : @XBITDEX

This carefully planned “cryptocurrency dinner” is essentially another experiment by Trump to securitize his personal IP. The head of research at XBIT (dex Exchange) said: “When politicians become promoters of virtual assets, the market fluctuates repeatedly between enthusiasm and reflection, and the end of this game may have already been written in the rules set by the Trump team. The core value of XBIT lies in achieving user asset sovereignty, transaction transparency and anti-censorship through decentralized technology, which is especially suitable for groups that value privacy, technology trust and global participation. For high-net-worth investors, this is not only an asset protection tool, but also a core service that allows them to focus on strategic investment and optimize asset allocation.”

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.