The token is now changing hands around $3.75, a 40% jump off its recent low mark of $2.73 registered by CoinGecko on Thursday.
News of the exclusive event, slated to be held at the president’s Mar-a-Lago estate in Florida, has also helped spur significant volume increases for the token over the last 24 hours.
Volumes registered by CoinGecko point to a more than 4x increase from Wednesday to Thursday with trading numbers breaching $292 million on the day of the announcement, compared to just $72 million worth of trades the day before.
On a rolling basis over the last 24 hours, however, CoinGecko recently showed $1.78 billion worth of trading volume. And on its significant price spike, some traders have seen major gains in the last 24 hours.
It’s not immediately clear if the tokens were recently purchased by the user, whose funds were transferred from a wallet labeled as “Binance Hot Wallet.” Regardless, the tokens have gained about $2 million in value during the last day of trading.
The meme coin for the president’s wife has jumped more than 12% in the last 24 hours, but has fared even worse than TRUMP over the long run. It recently changed hands around $0.125, down 99% from its all-time high of $13.05.
