PolitiFi tokens jumped across the board on Wednesday, April 23, after President Donald Trump announced plans to host a private dinner for the top 220 holders of his token. The announcement came a week after another 20% of the Official Trump memecoin (TRUMP) supply was unlocked , increasing available supply. While the TRUMP token jumped nearly 60% on the news, many other politically-themed memecoins, known as PolitiFi tokens, showed a similar spike Wednesday afternoon after news of the invitation broke. At press time, multiple PolitiFi assets are still up double digits over the past 24 hours, with even more up over 20% on the week, per CoinGecko data. TRUMP’s market cap jumped from $1.9 billion to $2.9 billion, before falling back to a still substantial increase of $2.7 billion, according to CoinGecko. The price of TRUMP is currently up over 9% on the day and a notable 76% on the week. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
