TRUMP Memecoin Rockets Higher As President Trump Announces Exclusive Dinner For Top Holders

President Trump’s official Solana-based meme coin, TRUMP, rocketed on Wednesday after the announcement that some of the top token holders will soon have the chance to dine with the President at his private golf club in the United States’ capital.

President Trump Organizing Private Dinner With Top 220 $TRUMP Holders

President Trump, who debuted his own meme coin called $TRUMP just days before he was sworn into office in January, is set to host a gala on May 22 at the Trump National Golf Club in Washington, D.C., for the “top 220 average $TRUMP holders”. 

To register, users must provide their full legal name, email address, phone number, and access to their Solana wallet, which holds the tokens.

Holders are urged to “hold as much $TRUMP as you can” from April 23 to May 12, which will determine the ranking.

“The more $TRUMP you hold — and the longer you hold it — the higher Your Ranking will be,” according to the project’s website, which also shared a leaderboard on April 23. 

Of the 220 attending the event, the top 15 $TRUMP holders are invited to an “exclusive reception before dinner with your favorite president,” and will also get a “VIP White House Tour,” the site proclaimed.

TRUMP Token Jumps 50%

News of the announcement created a massive stir among crypto traders, propelling the price of the token higher less than an hour after the dinner announcement. According to CoinGecko data, $TRUMP soared roughly 65% to hit 14.44 — its highest price since early March, before recoiling to $13.37 as of press time. The token is still up 50.4% over the last 24 hours. But even with the day’s 50% surge, the token remains roughly 80% off its all-time high.

Notably, the gala comes on the heels of about $300 million worth of previously locked-up TRUMP tokens being released into circulation on April 18, as per Tokenomist data. A whopping 75% of $TRUMP’s ultimate 1 billion token supply is earmarked for the project’s creators and owners, including Trump himself. The next unlock is scheduled for July and will increase the supply by over $600 million coins.

It’s worth mentioning that Trump’s wife, Melania, launched her own meme coin in January shortly after the rollout of $TRUMP. Since returning to the Oval Office for his second term, Trump has adopted a more lenient approach to crypto, appointing agency chairs who are viewed as pro-crypto and recently hosting the first-ever White House crypto summit.