A meme coin tied to U.S. President Donald Trump jumped as much as 60% in the past 24 hours after promoters began promoting an exclusive gala at the president’s Mar-a-Lago resort. However, the The White House has not confirmed whether Trump will actually attend the event.
Key Takeaways
The TRUMP meme coin surged up to 60% after promoters advertised a Mar-a-Lago gala linked to Trump.
Trading volume exceeded $1.6 billion, while derivatives open interest rose by more than 20%.
Despite the rally, the token is still over 90% below its peak price from early 2025.
The rally briefly pushed the token — commonly known as the TRUMP meme coin — to $4.43 before easing back to around $3.88, according to data from CoinMarketCap.
At the time of writing, the token is trading near $4.07, up 14.32% over the past day.
Trump Meme Coin Volume Tops $1.6B as Derivatives Interest Jumps
Trading activity surged following the announcement, with 24-hour volume climbing above $1.6 billion.
Derivatives markets also reacted quickly. Data from Coinglass shows open interest rising by more than 20%, signaling growing speculative activity.
Even with the sharp rebound, the token remains far below its previous highs. The TRUMP coin has lost more than 90% of its value since reaching nearly $44 shortly after its launch in January 2025.
Gala Event Sparks Speculation
The latest surge appears to be tied to the Fight Fight Fight conference, scheduled for April 25. Organizers say the event will feature a gala luncheon with Trump at Mar-a-Lago.
However, Trump’s participation remains uncertain. A White House official, speaking anonymously to Bloomberg, said the president is not currently listed as attending the event.
Even the event’s own terms acknowledge the uncertainty. The conference website states that Trump “may not be able to attend,” and the event itself could potentially be canceled.
If that happens, eligible participants may instead receive a limited-edition TRUMP NFT, according to the event rules.
Despite the ambiguity, organizers say Trump will appear. In a statement emailed to Bloomberg, the Fight Fight Fight team said his attendance had been confirmed, arguing the announcement would not have been posted on the official TRUMP token website otherwise.
Token Holders Get Exclusive Access
Attendance at the conference is directly tied to TRUMP token ownership.
According to the event rules, the top 297 token holders who connect their wallets to a leaderboard — or verify holdings through the brokerage Robinhood — will qualify to attend.
The top 29 holders will receive invitations to a smaller reception with Trump.
Eligibility is determined using time-weighted token holdings during the qualification period, along with certain merchandise purchases linked to the project.
Mar-a-Lago Becoming a Crypto Gathering Spot
Mar-a-Lago has increasingly become a hub for crypto-related events seeking proximity to Trump.
Earlier this year, the Trump family’s crypto venture World Liberty Financial hosted a gathering at the resort.
The TRUMP meme coin itself is linked to promoter Bill Zanker, who helped organize a similar dinner with Trump for token holders last year.
That event briefly boosted the coin’s price before the rally faded. Among those who attended was crypto entrepreneur Justin Sun.
Bitcoin Millionaire Addresses Decline
Meanwhile, the broader crypto market has shown mixed signals.
Data indicates that Bitcoin has lost roughly 25,000 millionaire addresses in the year since Trump returned to the White House, even as U.S. policy became more crypto-friendly.
Blockchain analytics show 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 on-chain wealth growth.
The decline was less severe among the largest holders. Wallets containing more than $10 million worth of Bitcoin dropped by around 12.5%, indicating that major investors were better able to weather market volatility, while smaller millionaire-level holders were more exposed to price swings.
