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A meme coin associated with US President Donald Trump experienced a rise of up to 60% in the last 24 hours after promoters highlighted an exclusive gala at the president’s Mar-a-Lago resort, although the White House has not verified Trump’s attendance at the event.
Key Takeaways:
- The TRUMP meme coin surged as much as 60% following the promotion of a Mar-a-Lago gala related to the president.
- Trading activity increased significantly, with daily volume exceeding $1.6 billion and derivatives open interest climbing over 20%.
- Despite the increase, the token is still more than 90% below its all-time high from early 2025.
This rally propelled the token, commonly known as the TRUMP meme coin, to a peak of $4.43 before settling around $3.88, according to data from CoinMarketCap.
As of this writing, the token is trading at approximately $4.07, reflecting a 14.32% increase over the previous day.
Trump Meme Coin Volume Exceeds $1.6B as Derivatives Interest Rises
Following the announcement, trading activity surged dramatically, with 24-hour volume surpassing $1.6 billion.
Derivatives markets also responded to the increase, with open interest rising by more than 20%, according to data from Coinglass.
Despite the significant rebound, the token remains considerably below its previous highs. The TRUMP coin has lost over 90% of its value since reaching nearly $44 shortly after its launch in January 2025.
The event that triggered the latest surge is the Fight Fight Fight conference, set for April 25, which organizers claim will feature a gala luncheon with the president at Mar-a-Lago.
However, the White House has not confirmed Trump’s participation. An anonymous White House official informed Bloomberg that the president is not currently listed as attending the event.
This uncertainty is mirrored in the event’s own terms. The conference website states that Trump “may not be able to attend” and that the event itself could potentially be canceled.
In such a case, qualified participants might receive a limited-edition TRUMP NFT instead, as per the terms.
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Nevertheless, organizers have maintained that the president will be present. In an email statement, Fight Fight Fight reportedly informed Bloomberg that Trump’s attendance had been confirmed, asserting that the announcement would not have been made on the official TRUMP token website otherwise.
SATURDAY, APRIL 25 AT MAR-A-LAGO!
The Most Exclusive Crypto and Business Conference in the World & Gala Luncheon with PRESIDENT TRUMP and 18 other SUPERSTARS.
Strictly Limited to only 297 attendees. Are You In?
Register Here: https://t.co/MBo3UBrzje pic.twitter.com/CWOVNK1kbU— TrumpMeme (@GetTrumpMemes) March 12, 2026
Participation in the conference is directly linked to token ownership. According to the event rules, the top 297 TRUMP token holders who connect their wallets to a leaderboard or verify holdings through brokerage Robinhood will qualify to attend.
The top 29 holders will receive invitations to a more intimate reception featuring Trump.
Eligibility is determined by time-weighted token holdings during the qualifying period, along with specific merchandise purchases associated with the project.
Mar-a-Lago Becomes a Center for Trump-Related Crypto Events
Mar-a-Lago has increasingly emerged as a venue for crypto-related events seeking to connect with Trump.
Earlier this year, the Trump family’s crypto initiative World Liberty Financial hosted an event at the resort.
The meme coin itself is linked to promoter Bill Zanker, who organized a similar dinner with Trump for token holders last year.
That event briefly elevated the coin’s price before the increase subsided. Attendees reportedly included crypto entrepreneur Justin Sun.
As reported, Bitcoin has lost approximately 25,000 millionaire addresses in the year since Donald Trump returned to the White House, even as US policy has shifted towards a more crypto-friendly approach.
Blockchain data indicates that the number of addresses holding at least $1 million in BTC has decreased by about 16% year over year, suggesting that regulatory optimism has not resulted in sustained growth in on-chain wealth.
The decline was less pronounced among the largest holders. Addresses with more than $10 million in Bitcoin fell by roughly 12.5%, indicating that top-tier investors were better equipped to endure price fluctuations, while wallets near the millionaire threshold were more vulnerable to market volatility.
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