A memecoin named after US President Donald Trump surged on unverified information about the president, rising as much as 60% in a 24-hour period before trimming gains. The issuer announced a conference at Mar-a-Lago on March 25 in Palm Beach, Florida, and touted a gala lunch with Trump, though official attendance remains unclear as White House officials say the president’s attendance has not been confirmed.
Trading data from CoinGecko showed 24-hour volume exceeding $1.6 billion, while Coinglass reported open interest in related derivatives up more than 20%. The token last traded near $3.88 after peaking at $4.40.
Top holders who connect their wallets on the leaderboards or through Robinhood Markets may attend the conference, with the top 29 holders eligible for receptions where Trump is said to appear, according to the event’s site. The token had previously surged to around $44 shortly after its January 2025 launch but later fell more than 90% from its peak. The site notes that the event could be canceled for various reasons, in which case attendees might receive a limited-edition TRUMP NFT instead.
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