Trump's Gala Dinner for Top TRUMP Holders Boosts Token 53%

Generated by AI AgentCoin World
Monday, May 5, 2025 7:27 pm ET1min read
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President Donald Trump has confirmed that a private gala dinner will be held on May 22 at Trump National

Golf
Club in Washington. This exclusive event is reserved for the top 220 holders of his memecoin, TRUMP. The announcement was made via a social media post on May 5, and the event is organized by Fight Fight Fight LLC, an entity affiliated with Trump.

The gala dinner will admit holders based on a leaderboard that tracks time-weighted average balances between April 23 and May 12. According to previous reports, the top 25 wallets will receive VIP access, which includes a photo opportunity with Trump and a guided tour. All attendees will also receive a commemorative non-fungible token (NFT) minted on Solana. If the event is canceled, the NFT will still be issued in lieu of attendance.

Participants are required to cover their own travel and lodging expenses, and no guests are permitted. Eligibility for the event is restricted by OFAC guidelines, which exclude nationals from sanctioned jurisdictions. Entry is open to non-US citizens otherwise.

The gala dinner announcement comes days after a major insider unlock on April 20, which initiated a daily emission cycle for TRUMP tokens. Insider wallets labeled CIC Digital began receiving approximately $3.8 million worth of tokens daily, part of a broader unlock schedule running through April 2028. This distribution follows an earlier $1.54 billion tranche released in January and a $311 million transfer to insiders on April 19.

On April 29, 1.346 million TRUMP tokens worth $19.5 million were transferred to various exchanges, further fueling speculation of insider activity tied to price performance. The initial announcement about the dinner on April 23 caused TRUMP to surge 53% from $9.40 to $14.37 within a few hours. The token’s upward momentum persisted until April 26, when it reached $16.03, its highest price since March 3.

This event underscores the growing intersection of politics and digital currencies, as well as the influence of high-profile figures in the cryptocurrency market. The gala dinner not only serves as a recognition of top TRUMP holders but also as a strategic move to maintain engagement and interest in the memecoin.