$TRUMP token meme logo on phone with its website in the background (Omar Marques/Getty Images)

Trump’s meme coin tops crypto charts after gala dinner invitation for largest holders

$TRUMP spiked after an announcement that the top 220 holders of the token would be invited to join the president for dinner.

Sage D. Young

4/23/25 2:45PM

President Donald Trump’s meme coin has skyrocketed on Wednesday following an announcement that the top 220 trump holders can join the US president for a black-tie dinner in Washington, DC.

$TRUMP jumped as high as $14.44 before settling in the $13 range, representing a more than 40% increase in the last 24 hours. Among the top 100 cryptocurrencies by market capitalization, the meme coin is the best performer.

According to the meme coin’s website, the top holders will be invited to join the US president for a gala dinner on May 22 at his private Trump National Golf Club in Washington, DC.

Screenshot of Trump’s meme coin promotion — Luckily, black tie is optional (Screenshot via gettrumpmemes.com)

In addition to the dinner, the top 25 token holders will be welcomed for a reception and a special VIP White House tour. “At this intimate private dinner, hear first-hand President Trump talk about the future of crypto,” the website states.

The top holder of the meme coin is the official Trump team allocation address, which has 800 million tokens. To get an invite to the party, investors should know this: the 220th top holder owns 27,946 $TRUMP coins valued at almost $374,000, per on-chain data sourced from blockchain explorer Solscan. And to reach the VIP level? Right now, the 25th top holder has 1,072,803 tokens worth $14 million.

Launched in January when crypto industry leaders attended the Crypto Ball, the cryptocurrency has become the fourth-largest meme coin by market cap at nearly $2.7 billion, trailing dogecoin, shiba inu, and Pepe.

Last week, $TRUMP faced a 40 million token unlock. However, the project’s organizers revealed today on X that the initial $TRUMP token unlock would be delayed by 90 days, keeping the supply steady at 200 million tokens.

Sage D. Young is a crypto journalist who’s written for CoinDesk and Unchained.

Sage D. Young7h

Bitcoin sees 8 consecutive days of gains, a streak not seen in 4 years

Bitcoin is on a winning streak. The cryptocurrency has generated eight straight days of positive returns, a rare phenomenon that has occurred only 15 times since Satoshi Nakamoto created it, according to a CoinDesk report.

In the 30 days after posting an eight-day streak, bitcoin traded higher nine times and lower six times. The median return in the period is roughly 19%. Despite the historical gains that followed, the last time bitcoin had such a rally, four years ago, it dropped roughly 30%.

Most recently, bitcoin climbed from below $66,000 on March 8 to over $75,000 yesterday before settling around $73,800 on Tuesday morning.

Traders remain modestly bullish on the likelihood of further gains, though the sentiment is fading: prediction market-implied odds of bitcoin trading above $77,500 in the month stand at 54%, a decrease from 73% on Monday.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Bitcoin hits rare 8-day winning streak – but 2022 bear market saw one too

Most recently, bitcoin climbed from below $66,000 on March 8 to over $75,000 yesterday before settling around $73,800 on Tuesday morning.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Yaël Bizouati-Kennedy9h

Another miner sells its bitcoin

Despite bitcoin being on the rebound, another bitcoin miner sold a chunk of its holdings to further its pivot to AI. In February, Cango, a former automotive service, said it sold 4,451 bitcoin in favor of AI, just a year after becoming a miner. The company said it used the proceeds of the sale to pay down long-term debt and “reduce the overall finance leverage and strengthen the balance sheet,” according to its fourth-quarter and full-year earnings release.

Shares were up 4.5% in premarket trading.

Cango recorded a net loss from continuing operations of $452.8 million in 2025, “primarily due to non-recurring transformation costs and market-driven fair-value adjustments,” it said.

Its “adjusted bitcoin treasury policy” will “provide the financial flexibility needed to navigate volatility and invest in high-potential areas like AI infrastructure,” Cango said.

Bitcoin’s earlier downward trajectory has pressured several miners, which are choosing to pivot to AI and sell their assets or exit the business entirely.

Cango’s move follows Core Scientific, which sold over 1,900 bitcoin for $175 million in January as it shifts even more of its focus to the AI data center boom.

As bitcoin mining economics “have gone from bad to worse,” companies pivot and sell to survive

Shares were up 4.5% in premarket trading.

Cango recorded a net loss from continuing operations of $452.8 million in 2025, “primarily due to non-recurring transformation costs and market-driven fair-value adjustments,” it said.

Its “adjusted bitcoin treasury policy” will “provide the financial flexibility needed to navigate volatility and invest in high-potential areas like AI infrastructure,” Cango said.

Bitcoin’s earlier downward trajectory has pressured several miners, which are choosing to pivot to AI and sell their assets or exit the business entirely.

Cango’s move follows Core Scientific, which sold over 1,900 bitcoin for $175 million in January as it shifts even more of its focus to the AI data center boom.

Sage D. Young

3/16/26

Ethereum extends rally as BitMine continues buying spree

The largest ethereum treasury firm, BitMine Immersion Technologies, added $139.7 million worth of tokens to its stockpile.

Yaël Bizouati-Kennedy

3/16/26

Bitcoin continues to climb despite war with Iran, oil price shock

Sage D. Young3/13/26

Ethereum hits highest price in over a month as BlackRock joins the fray of ethereum staking ETFs

Ethereum climbed to its highest level in over a month on Friday, briefly touching $2,200. The price swing comes amid a new change among ETFs focused on the second-largest cryptocurrency by market capitalization.

Yesterday, ETHB — BlackRock’s iShares Staked Ethereum Trust ETF — started trading on the Nasdaq, making the investment vehicle the first from the financial titan to include staking, the process of locking up tokens to help secure the network’s consensus mechanism in exchange for rewards.

The nascent staking ETF has nearly $150 million in net assets, drawing in $43.5 million in inflows on its first day, data from SoSoValue shows. “Pretty good start for any ETF,” Bloomberg ETF analyst James Seyffart wrote in a social media post.

While ETHB is BlackRock’s first ethereum staking ETF, it’s not the first to market. The Grayscale Ethereum Staking Mini ETF launched in 2024, while the Rex-Osprey ETH Staking ETF rolled out last year.

Ethereum ETFs have seen nearly $157.7 million of inflows in March, on track to record their first monthly inflow since October.

Meanwhile, the Ethereum Foundation published its mandate, “a document that serves as part constitution, part manifesto, and part guide for the Ethereum Foundation,” on Friday.

“Our Mandate to EF states what must be cherished to protect the ultimate reason for Ethereum’s existence: user self-sovereignty,” the Ethereum Foundation board wrote. “To be a part of EF, our own teams must remember that Ethereum must, above all, remain censorship resistant, open source, private, and secure (CROPS).”

The mandate is a new chapter in how the organization views its position in the world, according to ethereum cofounder Vitalik Buterin. “We must see ourselves not just as the Ethereum community, but also as maintainers of the Ethereum tool within what you might call the CROPS community,” Buterin said. “This means open-mindedness to new conceptions of what things in the world are our natural allies.”