Trump, the memecoin linked to the president of the United States, Donald Trump, increased around 16% in the last 24 hours, even when Democratic legislators cite the president’s participation with the Token as potential reasons for the accusation and after a massive unlock at the beginning of the month.
In a City Council on Friday, Senator Jon Ossoff (D-GA.) Pointed out the Crypto project that offers its headlines an invitation to a dinner event with President Trump, qualifying him as a clear case of sale of access to the presidency, reports NBC News.
“When the acting president of the United States is selling access, so they are effectively payments directly to him. There is no doubt that it increases to the level of an accusable crime,” said Ossify.
American senators Adam Schiff (D-Calif.) And Elizabeth Warren (D-Mass.) Also sent a letter on April 25 to the Ethics Office of the United States Government requesting an investigation to determine if President Trump violated federal ethics rules by inviting the main investors.
Read more: dinner with the president of the United States? All you need is $ 420 in Trump
The accusations derive from an announcement that a private dinner will take place on May 22, where the 220 Trump Top Memecoin headlines can meet with the president of the United States.
Even so, Trump’s Token has continued to increase. Memecoin increased more than 70% after the event was announced and has already increased 85% in the last seven days.
The ascent occurred even after the file saw a massive unlock of $ 320 million earlier this month, significantly inflating its circulating supply. In less than three months, Trump Token is ready to support additional unlocking of 25.1% of its current circulating supply, at the time of writing, for a value of almost $ 780 million.
Despite the recent increase, the Token has still decreased more than 77% since its maximum of all time above $ 70, which saw shortly after the launch. Its subsequent price drop led to an estimated $ 2 billion in investor losses.
Read more: Trump Token appears 12% after the president of the United States calls him ‘the best of all’
