🔔🔔LATEST: The recent hype around a dinner invitation from Donald Trump to top holders of the TRUMP memecoin has lifted the value of MELANIA, Melania Trump's memecoin.

Here's what's happening:

- MELANIA Coin Surge: MELANIA's value increased by over 15% in the last 24 hours, rising from $0.4536 to $0.5365, although it has since dropped to $0.5217.

Despite this surge, MELANIA is still down 96% from its peak value of $13.05.

- Trump Dinner Invitation: The dinner invitation, extended to the top 220 holders of TRUMP memecoin, has sparked conflict of interest concerns.

The event is scheduled for May 22 at Trump's private members-only club in Washington, D.C., with a VIP White House tour planned for the following day.

- TRUMP Memecoin Impact: The TRUMP memecoin saw a massive surge in value after the dinner announcement, rising over 50% to trade at around $14.70 before settling at $12.30.

- MELANIA Sell-Offs: Despite the recent price increase, the MELANIA team has been selling off tokens, with 31.685 million MELANIA tokens sold since March 16, accumulating 138,800 SOL worth $18.41 million.

This has raised concerns about potential insider cash-ins.

- Market Context: The broader crypto market has also seen gains, with Bitcoin reaching $95,000 and Ether breaching $1,800.

Other major altcoins, including Solana, Sui, Link, and BNB, have also increased in value.

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