Trump, marketed as the official Cryptographic Token of Donald Trump, recovered Wednesday as an invitation to a dinner event with the president of the United States for Tokens headlines appeared on the website of the project.
“Join President Donald J. Trump in his private club just for members in Washington, DC for dinner!”, A banner said about the event on the project website.
The invitation is aimed at the 220 larger tokens headlines, according to the event website.
The Token increased more than 70% after the news that briefly reached $ 16, its strongest price since the beginning of March. Later it turned over $ 13, still 43% in the last 24 hours.
The event, in particular, occurs after the circulation of $ 300 million Trump tokens previously enclosed on April 18 were added to the circulation of Trump, according to Tokenomist data. About 75% of all existing tokens are still locked, and the next unlock was made in July increasing the offer by more than $ 600 million coins.
Trump’s Token, launched only days before the presidential inauguration of Donald Trump on January 20, received a violent reaction throughout the industry for capitalizing the attention and public office of Trump and the great assignments to the experts.
The launch also marked the peak in speculative foam in cryptographic markets. Bitcoin (BTC) decreased more than 30% of record prices in the following weeks, while many smaller and most speculative cryptocurrencies suffered 80% -90% reduction.
Despite today’s demonstration, Trump Coin still trades more than 80% below its record price of January 19, $ 73.
Read more: Trump Coin’s biggest critics are experts in the cryptography industry
