A coin linked to U.S. President Donald Trump has surged 60% in the past 24 hours after promoters touted an exclusive gala at the Mar-a-Lago presidential complex, although the White House has not confirmed whether Trump will attend the event.
Key points to remember:
- TRUMP’s meme corner jumped 60% after promoters announced a Mar-a-Lago gala linked to the president.
- Trading activity surged, with daily volume surpassing $1.6 billion and derivatives open interest increasing more than 20%.
- Despite the rally, the token remains more than 90% below its record price from early 2025.
The rally pushed the token, commonly known as TRUMP meme coin, as high as $4.43 before dropping to around $3.88, according to data from CoinMarketCap.
At the time of writing, the token is trading at around $4.07, up 14.32% over the past day.
Trump Meme Coin Volume Surpasses $1.6 Billion as Interest in Derivatives Increases
Trading activity increased sharply following this announcement, with 24-hour volume exceeding $1.6 billion.
Derivatives markets also responded higher, with open interest climbing more than 20%, according to Coinglass data.
Despite the strong rebound, the token remains well below its previous highs. The TRUMP coin has lost more than 90% of its value since peaking at nearly $44 shortly after its January 2025 launch.
The event at the center of the latest wave is the Fight Fight Conference, scheduled for April 25, which organizers say will include a gala luncheon with the president at Mar-a-Lago.
However, Trump’s presence has not been confirmed by the White House. A White House official, speaking anonymously, told Bloomberg that the president was not currently on the list of attendees at the rally.
The uncertainty is reflected in the very terms of the event. The conference’s website says Trump “may not be able to attend” and that the event itself may be canceled.
If this happens, qualified participants could instead receive a limited edition TRUMP NFT, depending on the terms.
The organizers nevertheless insisted on the presence of the president. In an emailed statement, Fight Fight Fight reportedly told Bloomberg that Trump’s attendance had been confirmed, adding that the announcement would not have been posted on the official TRUMP token website otherwise.
Conference participation is directly linked to token ownership. According to the rules of the event, the top 297 TRUMP token holders who connect their wallets to a leaderboard or verify their holdings through the brokerage firm Robinhood will be qualified to attend.
The first 29 holders will receive invitations to a small reception featuring Trump.
Eligibility is determined by time-weighted token holdings during the qualification period, as well as certain project-related merchandise purchases.
Mar-a-Lago becomes hub for Trump-related crypto events
Mar-a-Lago has increasingly become a gathering place for crypto-related initiatives seeking to connect with Trump.
Earlier this year, the Trump family’s crypto business, World Liberty Financial, hosted an event at the resort.
The meme coin itself dates back to promoter Bill Zanker, who helped organize a similar dinner with Trump for token holders last year.
This event briefly caused the price of the coin to rise before the rally faded. Participants reportedly included crypto entrepreneur Justin Sun.
As noted, Bitcoin has lost about 25,000 millionaire addresses in the year since Donald Trump returned to the White House, even as US politics has shifted toward a more crypto-friendly stance.
Blockchain data shows that the number of addresses holding at least $1 million in BTC fell about 16% year-over-year, suggesting that regulatory optimism has not translated into sustained growth in on-chain wealth.
The decline was less severe among the largest holders. Addresses holding more than $10 million in Bitcoin declined by about 12.5%, indicating that high-profile investors were better able to withstand price volatility, while portfolios near the millionaire threshold were more exposed to market fluctuations.
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