The ‘Trump Dinner’ is scheduled today and the crypto market is booming with Bitcoin (BTC) touching new highs. The dinner is supposed to focus on political memecoins associated with the U.S. President Donald Trump. About 220 Official Trump (TRUMP) memecoin holders are invited as VIPs to the dinner.
Amid this hype, a newly-created Trump Dinner-themed memecoin skyrocketed nearly 3,000% today. As of writing, the Trump Dinner (DINNER) memecoin price jumped 2,778% to $0.00007687 on Thursday, May 22.
Moreover, the 24-hour trading volume hit $10.39 million, reflecting a surge of 2,165%. Furthermore, with a circulating supply of 220 billion DINNER tokens and a market capitalization of $16.98 million, this memecoin has secured the 935th position in the global cryptocurrency market.
Adding to this, the technical sentiments record a significant rise in the greed index for this altcoin. Moreover, the market sentiments suggest a sustained bullish action over the upcoming time.
However, it is too early to predict the future price action of this crypto token as this project is relatively new in the market. Since there have been several pump-and-dump cases related to newly-launched memecoins, investors should remain cautious. Also, the memecoin is not related to Trump or his family.
Thus, it is highly suggested to closely monitor the price prospects of the DINNER memecoin and make sure to do a detailed research before investing into this digital asset. Even in the case of the Trump Dinner memecoin, the gains dropped to around 2,180% as the day progressed.
Also Read: Why is Dogecoin Missing from Memecoin Rally Post Bitcoin ATH?
