Investing.com -- U.S. President Donald Trump’s meme cryptocurrency saw a significant rise in value this Wednesday. The spike came after the announcement that the top 220 holders of the coin, currently priced at $14.02, reflecting a 48.11% increase, would be invited to a black-tie dinner with the president in Washington, DC.

The value of $TRUMP rose to a high of $14.44 before settling around $14, marking an over 45% increase within 24 hours. Among the top 100 cryptocurrencies by market capitalization, $TRUMP is currently the best performer.

The invitation to the dinner, which is set to take place on May 22 at Trump’s private National Golf Club in Washington, DC, was announced on the meme coin’s official website. The site also mentioned that the top 25 token holders would be welcomed for a reception and a special VIP tour of the White House.

The website further stated that attendees of the private dinner would have the chance to hear President Trump discuss the future of cryptocurrencies.

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