Investors Rush to Trump Dinner... Official Trump Records 3.5 Trillion Won in On-Chain Volume

After President Donald Trump announced a dinner invitation for the top holders of the meme coin Official Trump (TRUMP), the on-chain volume of Official Trump surged.

According to The Block, a cryptocurrency-focused media outlet, on the 28th (local time), cryptocurrency data analysis firm Kaiko reported that "after President Trump announced a dinner plan for the top 220 holders of Official Trump on the 23rd, the trading volume of Official Trump surged."

According to Kaiko, since the 23rd, Official Trump's on-chain activity increased by 200%, recording the highest trading volume on centralized exchanges (CEX) since mid-February, and during the same period, the token price soared by 60%.

Kaiko expressed concern, stating, "It seems President Trump is challenging the narrative of meme coins, which are known to be worthless," but added, "This is quite controversial."

In fact, after President Trump announced the dinner plan, Democratic Senator Elizabeth Warren and Congressman Adam Schiff raised ethical issues related to Trump's meme coin and media company, urging the Office of Government Ethics to investigate.

Meanwhile, as of 7:20 AM on the 29th (Korean time), Official Trump is trading at $14.55, down 2.22% from the previous day, according to CoinMarketCap.