A dinner incentive for top holders of the TRUMP meme coin, announced by the project team, triggered a massive surge in on-chain activity. The event promises a meeting with US President Donald Trump for the top 25 holders, fueling excitement and boosting TRUMP’s price, as reported by blockchain research firm Kaiko. The announcement led to a more than doubling of $2.4 billion worth of on-chain transfers, according to Kaiko. This surge is largely attributed to increased trading volume on decentralized exchanges, with nearly 10,000 wallets participating in the token transfer. TRUMP’s price surged by 60% following this announcement, establishing a new record high and exceeding all other meme coins like Dogecoin.