PANews reported on April 29 that according to The Block, the cryptocurrency data company Kaiko reported that after Trump's related Meme coin TRUMP announced on April 23 that "the top 220 holders can attend the presidential dinner", the price of the token soared 60% in a single day (from US$9 to US$14.5), triggering on-chain transfers of up to US$2.4 billion in TRUMP tokens, and on-chain activity surged 200%, hitting the highest daily trading volume on CEX since mid-February. Kaiko pointed out that although Trump is challenging the claim that "Meme coins are worthless", the move has also caused controversy. Both political opponents and moral advocates have questioned the president's practice of providing exclusive use rights to those who buy his Meme coins. Kaiko also said: "As the excitement fades, trading volume also decreases, similar to on-chain activities. However, according to the website's competition rules, we expect more active activities in the coming weeks. As the deadline approaches, holders transfer funds back to the chain to qualify for the competition, and activities may increase."