TRUMP Dinner News Triggers $2.4 Billion On-Chain Token Transfer, Sets New High for CEX Daily Volume Since Mid-February

BlockBeats News, April 29th, according to TheBlock report, Kaiko's latest report shows that the top holders of TRUMP Meme Coin may qualify for a VIP dinner and even a meeting with the president. This news has triggered a surge in token trading activity, with the price of TRUMP token skyrocketing by 60% in a single day ($9 to $14.5), accompanied by a massive $2.4 billion on-chain transfer volume. On-chain activity has increased by 200%, reaching the highest daily trading volume on CEX since mid-February.

Kaiko points out that while Trump is challenging the notion of "Meme coins having no value," this move has also sparked controversy. Both political opponents and ethical advocates have questioned the president's practice of granting exclusive use to those who purchase his Meme coin. Kaiko predicts that although the current trading volume has retraced from its peak, it may surge again in the coming weeks: "As the activity deadline approaches, holders will move funds back on-chain to qualify for participation, which is expected to trigger a new round of activity."