The token’s market cap crossed $2.4 billion on Wednesday night, a nearly 30% jump from the previous day following the dinner announcement.

The coin’s value jumped more than 50% after its website said Trump would have dinner with the top 200 holders.

President Donald Trump and his team pulled in nearly $900,000 in trading fees over just two days through the $TRUMP crypto token, according to Chainalysis. The cash came flooding in after an announcement on Wednesday that the top 220 holders of $TRUMP would win a black-tie optional dinner with him on May 22 at his