Kaiko: The news of the TRUMP dinner triggered $2.4 billion in on-chain token transfers, setting the highest daily volume on CEX since mid-February.

On April 29, according to TheBlock, Kaiko’s latest report shows that news of TRUMP Meme coin front-row holders potentially winning VIP dinner qualifications and even meeting the president has triggered a surge in Token trading activity. The TRUMP Token saw a single-day price big pump of 60% (from $9 to $14.5), accompanied by on-chain transfers reaching as high as $2.4 billion, with on-chain activity volume surging 200%, simultaneously creating the highest daily volume on CEX since mid-February. Kaiko pointed out 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 practice of providing exclusive usage rights to those who purchase his Meme coins. Kaiko predicts that although current volume has retreated from its peak, it may soar again in the coming weeks: “As the activity deadline approaches, holders will move funds back on-chain to gain participation eligibility, which is expected to trigger a new round of activity.”