President Donald Trump confirmed that a private dinner will be held on May 22 at Trump National Golf Club in Washington for the top 220 holders of his memecoin, TRUMP.
Trump made the announcement in a social media post on May 5. The event, organized by Fight Fight Fight LLC, a Trump-affiliated entity, will admit holders based on a leaderboard tracking time-weighted average balances between April 23 and May 12.
Gala dinner
According to previous reports, the top 25 wallets will receive VIP access, including 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 must cover their travel and lodging, and no guests are permitted. Eligibility is restricted by OFAC guidelines, which exclude nationals from sanctioned jurisdictions such as China, Russia, and Iran. Entry is open to non-US citizens otherwise.
According to CryptoSlate data, the Official Trump token (TRUMP ) was trading at $11.21 as of press time, up 3% over the past 24 hours.
Market volatility
The team behind TRUMP announced the gala dinner days after a major insider unlock on April 20 initiated a daily emission cycle for TRUMP tokens.
According to on-chain data, 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 Binance, OKX, and Bybit, further fueling speculation of insider activity tied to price performance.
Blockchain analysis platform Kaiko reported that TRUMP trading volume surged 200% on the dinner announcement, with centralized exchange activity temporarily overtaking all other memecoins.
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.
Mentioned in this article
