{"id":23496,"date":"2025-04-29T10:40:11","date_gmt":"2025-04-29T07:40:11","guid":{"rendered":"https:\/\/forklog.com\/en\/trump-dinner-sparks-2-4-billion-on-chain-activity-surge\/"},"modified":"2025-04-29T10:40:11","modified_gmt":"2025-04-29T07:40:11","slug":"trump-dinner-sparks-2-4-billion-on-chain-activity-surge","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trump-dinner-sparks-2-4-billion-on-chain-activity-surge\/","title":{"rendered":"Trump Dinner Sparks $2.4 Billion On-Chain Activity Surge"},"content":{"rendered":"<p><a href=\"https:\/\/u1f987.com\/en\/news\/trump-hosts-gala-dinner-for-top-trump-meme-coin-holders\">The announcement of a gala dinner<\/a> with U.S. President Donald Trump for the largest holders of the TRUMP meme coin led to a 60% daily increase in the coin&#8217;s price and a sharp rise in on-chain activity, according to Kaiko.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">? In our latest Data Debrief we explore:<\/p>\n<p>?The Trump dinner effect: <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TRUMP<\/a> jumped 60% after the exclusive dinner announcement, triggering 200% spike in on-chain activity .<\/p>\n<p>\u2705 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> outperforms most assets in April &#038; BTC dominance over alts rises.<\/p>\n<p>Read the full analysis ?\u2026<\/p>\n<p>\u2014 Kaiko (@KaikoData) <a href=\"https:\/\/twitter.com\/KaikoData\/status\/1916844468663193673?ref_src=twsrc%5Etfw\">April 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The event will host 220 TRUMP investors, with the top 25 meeting the head of state personally and receiving a &#8220;VIP tour of the White House.&#8221; Participants can increase their chances of an invitation by holding as many coins as possible from April 23 to May 12. The dinner is scheduled for May 22 at Trump&#8217;s private golf club in Washington.<\/p>\n<p>In the day following the announcement, nearly 10,000 wallets conducted transactions with the meme coin\u2014three times more than the previous day.<\/p>\n<p>Transaction volume in TRUMP surged to ~$2.4 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"507\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/unnamed-18-1-1024x507.png\" alt=\"unnamed-18-1\" class=\"wp-image-257736\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/unnamed-18-1-1024x507.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/unnamed-18-1-300x149.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/unnamed-18-1-768x381.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/unnamed-18-1.png 1120w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Kaiko.<\/figcaption><\/figure>\n<p>The activity was dominated by addresses with balances of less than $100,000 in the meme token.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Typically, about 46% of active wallets transfer TRUMP in amounts less than $10,000, but after the announcement, this figure jumped to 75%. Most of the surge was due to very small transactions (less than $1,000), which accounted for 47.2% of active addresses,&#8221; Kaiko clarified.<\/p>\n<\/blockquote>\n<p>The daily trading volume of TRUMP on centralized exchanges recorded its highest level since mid-February. The &#8220;presidential&#8221; meme coin accounted for nearly 50% of the total turnover in the segment.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"509\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/unnamed-21-1024x509.png\" alt=\"unnamed-21\" class=\"wp-image-257737\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/unnamed-21-1024x509.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/unnamed-21-300x149.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/unnamed-21-768x382.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/unnamed-21.png 1120w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Kaiko.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Since then, volumes have declined as the euphoria has waned, along with network activity. However, based on the contest rules, we can expect a revival in the coming weeks,&#8221; experts noted.<\/p>\n<\/blockquote>\n<p>TRUMP&#8217;s price surged from $9 to $14.5 within a day of the dinner announcement. At its local peak on April 26, the rate reached $16, but at the time of writing, it had corrected to around $14 (<a href=\"https:\/\/www.coingecko.com\/en\/coins\/official-trump\">CoinGecko<\/a>).<\/p>\n<p>Over the past seven days, the meme coin&#8217;s price has risen nearly 70%, yet the asset trades 80% below its all-time high of $73.4.<\/p>\n<p>In the Senate, <a href=\"https:\/\/u1f987.com\/en\/news\/trumps-dinner-for-trump-token-holders-sparks-impeachment-calls\">the Trump gala dinner for TRUMP holders was called<\/a> &#8220;an excess of any previous standards for impeachment.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The announcement of a gala dinner with U.S. President Donald Trump for the largest holders of the TRUMP meme coin led to a 60% daily increase in the coin&#8217;s price and a sharp rise in on-chain activity, according to Kaiko. ? In our latest Data Debrief we explore: ?The Trump dinner effect: $TRUMP jumped 60% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,1161,1268],"class_list":["post-23496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-memes","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23496"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23495"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}