U.S. President Donald Trump is set to host an exclusive private dinner for the top 220 holders of the $TRUMP meme coin at the Trump National Golf Club in Washington, D.C. The event, scheduled for May 22, has sparked a surge in the token’s price and renewed interest from investors.
The invite-only dinner is a way for Trump to reward high-ranking token holders and engage with the cryptocurrency community. Attendees will have the opportunity to hear Trump speak on the future of cryptocurrency and share their perspectives on the $TRUMP token.
To determine eligibility for the event, a real-time leaderboard has been launched to track the average balances of $TRUMP holders between April 23 and May 12. Those with the largest holdings will secure a coveted spot at the dinner and potentially a VIP reception with Trump before the main event.
According to the event organizers, the more $TRUMP you hold and the longer you hold it, the higher your ranking will be. This message has created a sense of competition among token holders, driving up buying pressure and increasing demand for the token.
In addition to the dinner, the top 25 holders will receive a special VIP tour of the White House the following day, organized separately by the project’s team. The event’s website touts the dinner as the most exclusive invitation in the world, reserved only for the top 220 $TRUMP meme coin holders.
Following the announcement of the dinner, the price of $TRUMP surged nearly 64% in 24 hours, with trading volume spiking more than 300%. The token is currently trading at $14.18, with a market capitalization of $2.84 billion, signaling a strong recovery for a coin that has experienced significant volatility since its inception.
Despite the recent rally, $TRUMP faces potential volatility as 40 million tokens were unlocked on April 18, marking a significant milestone in the token’s vesting schedule. This release accounts for 20% of the current token supply and could introduce fresh volatility to the market.
Crypto analysts are closely monitoring the situation, noting that the liquidity in the current price range is thin and that volatility is expected to remain high. The Trump family’s involvement in the cryptocurrency space continues to grow, with investments in NFT collections and memecoins through affiliated entities like CIC Digital LLC and Fight Fight Fight LLC.
The upcoming dinner with President Trump has not only sparked a rally in the $TRUMP token but has also reignited investor interest in the cryptocurrency market. As the race to dine with Trump heats up, investors will be closely watching the token’s price movements and market dynamics in the coming days.