The TRUMP meme coin, officially associated with U.S. President Donald Trump, has shrugged off a wild week of political scrutiny and supply shocks, surging almost 85% in seven days, according to news sources. Despite facing impeachment threats and a $320 million token unlock that increased circulating supply by 20%, the cryptocurrency is holding strong, driven mainly by promises of exclusive perks for top investors.

The rally picked up speed after an announcement offering the top 220 holders of TRUMP tokens a private dinner with President Trump at his National Golf Club on May 22, a Reuters report confirmed. The top 25 investors will also get additional benefits. The incentive program has drawn fire from Democratic lawmakers, with allegations of ethics violations.

Impeachment Calls Over Pay-to-Play

Senator Jon Ossoff (D-Ga.) didn’t beat around the bush at a town hall, where he called the dinner invitation “selling access” to the presidency, an “impeachable offense,” officials reported.

“When the sitting president of the United States is selling access for what are effectively payments directly to him, there is no question that that rises to the level’ of an impeachable offense,” Ossoff said.

Senators Adam Schiff (D-Calif.) and Elizabeth Warren (D-Mass.) reportedly sent a letter on April 25 to the U.S. Office of Government Ethics demanding an investigation into whether ‘President Trump broke federal ethics rules by personally benefiting from the event, The Washington Post reported. No response yet from the Office of Government Ethics or the White House on the matter.

Token Unlocks Fail to Slow TRUMP Meme coin

TRUMP recently had a massive unlock of $320 million, increasing the circulating supply by about 20%, according to Quickex.io. Big unlocks usually lead to token price drops due to increased supply. But the TRUMP meme coin is defying that trend, holding strong on the waves of the May 22 dinner. Another 25.1% of the current circulating supply, worth almost $780 million, is unlocking in the next three months. But investors seem to be ignoring the dilution concerns.

Investors Will Lose Despite Short-Term Gains

While the short-term rally is getting all the attention, the bigger picture of the TRUMP meme coin is more volatile. After its January 17 launch, just days before President Trump’s inauguration, the token hit an all-time high above $70. Then it crashed and investors reportedly lost around $2 billion. Now, even after the recent price spike, TRUMP is still down 77% from its peak.

Officials have reported that entities tied to Trump allegedly control about 80% of the token’s supply.

TRUMP Memecoin’s Ethical Quagmire

As the May 22 dinner approaches, the TRUMP meme coin is at the intersection of politics, crypto and ethics. The price surge shows investors are willing to pay for access but it also shines a light on the broader governance issues in the crypto space.

Critics say the blurring of political power and personal financial gain is a dangerous precedent. Some experts have argued that if access to government officials can be monetized through speculative digital assets, it undermines the very foundations of democratic governance.

The future of the TRUMP meme coin won’t just be a crypto market story but a reflection of how deep politics and blockchain are becoming intertwined.

Memecoin or Political Minefield?

The TRUMP meme coin continues to defy market logic, buoyed by exclusivity driven demand even as it faces massive unlocks and pay to play politics. Its resilience in the face of all this positions it at the heart of the growing debate about crypto, regulation, and political fundraising in the digital age.

As May 22 approaches, both the price of TRUMP and the ethics of politics are about to hit a critical inflection point.

FAQs

What is the TRUMP meme coin?
The TRUMP memecoin is a cryptocurrency tied to U.S. President Donald Trump, offering exclusive access to top holders through events like a private dinner.

Why are lawmakers calling for Trump’s impeachment overthe  TRUMP meme coin?
Democratic senators say offering private dinners to top token investors is selling presidential access, which could violate federal ethics laws.

How has the TRUMP meme coin performed recently?
It’s up almost 85% in the past 7 days despite the political backlash and a $320 million token unlock that increased the supply by 20%.

What risks does TRUMP meme coin face?
Another large unlock valued at nearly $780 million is scheduled in the next 3 months which could further dilute the token’s value.

How does this impact the crypto market?
It raises big ethical questions about the intersection of politics and digital assets and could lead to more regulation in the future.

Glossary

Token Unlock: When previously locked-up tokens are released into circulation, often increasing supply and price.

Circulating Supply: The total number of coins or tokens of a cryptocurrency that are publicly available and in circulation.

Federal Ethics Rules: The rules that govern the ethical conduct of U.S. government officials to prevent conflicts of interest.

Pay to Play: When individuals or entities get access to officials or favorable treatment in exchange for financial contributions or favors.

Sources

Reuters – Dinner with President Trump: Meme Coin Surges

The Washington Post – Trump, TRUMP Memecoin, and Ethical Concerns

Quickex.io – Trump Token Faces $320M Unlock

Cointelegraph – Trump Token Climbs Into Top 15 After Launch

The Wall Street Journal – Trump’s Biggest Meme Coin Investors

Coingecko

Senate.gov