President Donald Trump is planning a special dinner for the top 220 holders of his official memecoin, $TRUMP.
The event will take place on May 22 at the Trump National Golf Club in Washington, D.C., according to the project’s website. The announcement sparked a massive spike in the token’s value, with prices jumping over 50% in just one day.
The invitation-only dinner is open to the top 220 “average $TRUMP holders” during a set period from April 23 to May 12. A leaderboard was posted online on Wednesday to track who qualifies.
“The more $TRUMP you hold — and the longer you hold it — the higher Your Ranking will be,” as stated on the website. This message encouraged supporters to increase their token holdings quickly.
Those who make it into the top 15 will get an extra perk: a private reception with Trump before the dinner and a “VIP White House Tour.”
The project page adds, ““FOR THE TOP 25 COIN HOLDERS, YOU are Invited to an Exclusive Reception before Dinner with YOUR FAVORITE PRESIDENT! PLUS, We have separately by us arranged for a Special VIP White House Tour for you – so make sure you stay in town”.
Following the announcement, the price of the token skyrocketed from around $9 to over $13.13, with a trading volume of over $276 million in just 24 hours, according to data from CoinMarketCap
The TRUMP/USDC trading pair has seen more than 1,500 transactions within today alone. The token’s value climbed more than 56% over the last 24 hours, with buy and sell activity nearly equal.
Trump introduced the $TRUMP token in late January, shortly before his inauguration, with his wife Melania later launching her own token. This move followed previous support for the crypto space, including hosting a summit and appointing officials viewed as crypto-friendly. His actions signal a continued interest in engaging with digital assets during his latest campaign.
Critics in the space voiced concerns, calling the token a “distraction” and warning that the event could be a way to “farm exit liquidity,” as mentioned by some users online.
Still, excitement around the dinner remains high. Trump supporters appear eager for the chance to meet him and are holding tight to their tokens. The White House has not commented on the event.
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