The TRUMP memecoin, closely tied to U.S. President Donald Trump, has continued its upward momentum, defying significant political scrutiny and the massive unlock of its token supply earlier this month.

Over the past 24 hours, the TRUMP token surged by 16%, despite controversy surrounding the president’s association with the token and calls for impeachment from Democratic lawmakers. The rise follows a heated town hall discussion where Sen. Jon Ossoff (D-Ga.) accused the president of using the memecoin as a means to “sell access” to the presidency. The senator described this as a possible impeachable offense during his remarks, as reported by NBC News.

“The issue is simple,” Ossoff argued. “The sitting president of the United States should not be using his position to profit by selling access to the presidency.”

Along with Ossoff, Senators Adam Schiff (D-Calif.) and Elizabeth Warren (D-Mass.) penned a letter to the U.S. Office of Government Ethics on April 25, urging an investigation into whether the president violated ethics laws by offering top TRUMP token holders an invitation to a private dinner with him.

The controversy stems from a May 22 event, where the top 220 holders of the TRUMP token are invited to meet with the president. The dinner announcement has sparked a firestorm of criticism about potential conflicts of interest and ethical violations.

Despite these challenges, the TRUMP token has seen a remarkable 85% increase in value over the last week, continuing its upward trend. The memecoin spiked more than 70% following the announcement of the exclusive dinner event, showing strong investor interest and market demand.

This surge in value comes after a massive unlock earlier in the month, where $320 million worth of TRUMP tokens were introduced to the market, inflating its circulating supply. An additional unlock of 25.1% of the current circulating supply, valued at nearly $780 million, is scheduled for release in the coming months.

While the token has seen impressive gains recently, it remains down more than 77% from its peak price of over $70 shortly after launch, a steep drop that resulted in an estimated $2 billion in losses for early investors.

Despite the controversy, political debates, and ongoing market volatility, the TRUMP memecoin has shown remarkable resilience, suggesting that it is far from being swayed by the surrounding drama and is continuing to draw strong investor interest.