According to ChainCatcher, citing TheBlock, Kaiko's latest report shows that the potential for TRUMP Meme coin top holders to win a VIP dinner or even meet the president has triggered a surge in token trading activity. The TRUMP token's price skyrocketed 60% in a single day (from $9 to $14.5), accompanied by on-chain transfers of up to $2.4 billion, with on-chain activity increasing by 200% and creating the highest daily trading volume on CEX since mid-February.
Kaiko noted that while Trump is challenging the claim that "Meme coins are worthless", this move has also sparked controversy. Both political opponents and moral advocates have questioned the president's offer of exclusive rights to those who purchase his Meme coin.
Kaiko predicts that although current trading volume has fallen from its peak, it may surge again in the coming weeks: "As the activity deadline approaches, holders will transfer funds back on-chain to qualify for participation, which is expected to trigger a new wave of activity."
