2025-04-24
The value of the TRUMP memecoin surged
nearly 70% following the announcement that President Donald Trump
will host a private dinner for the token’s top holders.
According to the project's website, the
event will take place on May 22 at Trump National Golf Club in Washington, D.C.
The dinner is invitation-only and
limited to the top 220 “average $TRUMP holders” between April 23 and May 12. A
live leaderboard has been launched to track eligible wallets in real time.
The project has outlined additional
perks for top-tier participants. The top 15 holders will receive access to a
private reception with Trump and a VIP White House tour.
The top 25 are promised exclusive
access to a pre-dinner event and a special tour arranged by the organizers.
“The more $TRUMP you hold — and the
longer you hold it — the higher Your Ranking will be,” the website states,
encouraging increased token accumulation.
Following the announcement, the token's price jumped from around $9 to $13.13, placing $TRUMP among the top-performing memecoins in the market.
The event has fueled speculation about
the growing intersection of politics and crypto, particularly as Paul Atkins
takes over as the new SEC Chairman.
Some analysts suggest that this could pave the way for future memecoin-related financial products, such as ETFs.
The Trump memecoin, known as $TRUMP, operates on the Solana blockchain. It is a Solana Program Library (SPL) token launched on January 17, 2025, with a total supply of 1 billion tokens.
The token leverages Solana's high-speed, low-cost transaction infrastructure, making it efficient for trading and ecosystem integration.
The $TRUMP coin is officially
associated with President Donald Trump and is promoted by entities affiliated
with the Trump Organization, including CIC Digital LLC and Fight Fight Fight
LLC, which hold 80% of the token supply.
