The value of President Donald Trump’s meme coin soared Wednesday after a website promoting it announced that some holders of the coin would receive an invitation to a private dinner with Trump – in a stark illustration of his family’s drive to profit off cryptocurrency while he serves in the White House.

The price of President Trump’s meme coin surged Wednesday after its official website and X account said the coin’s top 220 holders would be invited to an exclusive gala dinner with the president next month.

Donald Trump’s cryptocurrency has surged in price after the US president offered a private dinner for the meme coin’s top investors. The $Trump coin shot up by 60 per cent on Wednesday after its website announced the “most exclusive invitation in the world” to a gala dinner would be offered to its 220 biggest holders.