The TRUMP Memecoin group has clarified some misconceptions concerning the potential surprises at an upcoming dinner hosted by US President Donald Trump and addressed rumors concerning the alleged necessities for an invite to the occasion.
TRUMP Memecoin Holders To Dine With The President
On Wednesday, the TRUMP Memecoin group introduced that the token’s high holders would obtain an unique invitation to have dinner with President Trump at his Non-public, Members-Solely Membership in Washington, D.C, to “hear close-up, from President Trump, about the way forward for Crypto.”
In keeping with the web site, the highest 220 TRUMP holders on the web site’s leaderboard will get to attend the occasion, scheduled for Might 22, 2025. In the meantime, the highest 25 holders will likely be invited to an unique reception with the US President earlier than the dinner and luxuriate in a guided tour of the White Home.
The memecoin skilled an enormous value soar, surging almost 60% hours after the announcement and hitting a seven-week excessive of $14.37. Amid the TRUMP token’s explosion, buyers started speculating who would get to attend the occasion, utilizing the Solana blockchain explorer to evaluate the biggest addresses holding the token.
A neighborhood member advised that to be among the many high holders, buyers should be holding round $300,00 price of the token, because the 220th-largest holder on the explorer seemingly confirmed that quantity.
Nonetheless, the TRUMP memecoin group addressed two misunderstandings, clarifying that they aren’t “unlocking into this competitors” and that customers “have been incorrectly quoting #220 on the block explorer because the cutoff.”
TRUMP Memecoin group addresses dinner necessities confusion. Supply: TrumpMeme on X
The group defined that the Solana explorer contains locked tokens, crypto exchanges, market makers, and other people not taking part, making the checklist inaccurate. As an alternative, buyers ought to test the official leaderboard, which has a time-weighted rating that calculates the quantity primarily based on the quantity and length of an investor’s TRUMP holdings.
A Battle For An Invitation
Within the X put up, the memecoin’s group additionally identified that the main holder had 1.17 million TRUMP, price round $14 million on the time, whereas the final investor to make the cutoff held solely 35.3 tokens, price round $420. Since then, the 220th spot has modified, with the handle holding 2,284 tokens, valued at $32,100 on the time of writing, and a rating of 164.251.
Blockchain analytics agency Nansen famous that on April 24, the highest 100 TRUMP holders elevated their steadiness by over 940,000 tokens in only one hour, from 975.36 million tokens to 976.30 million whole holdings.
Prime 10 holders registered for the dinner. Supply: Trump Dinner Leaderboard
In the meantime, Arkham Intelligence highlighted that the competitors to remain among the many high holders has intensified. In keeping with the Friday report, one of many main holders, beneath the title “boop,” swapped $300,000 price of FARTCOIN into the TRUMP memecoin “in order that he doesn’t fall out of the highest 25 attendees for the Trump Dinner.”
Amid the continued frenzy, buyers have additionally speculated concerning the identification of the highest holder, with many suggesting that TRON founder, Justin SUN, is behind the pockets. In keeping with Arkham, somebody registered an HTX Chilly Pockets, an trade Solar is affiliated with.
The investor utilizing the username “Solar” registered the handle with 1.07 million tokens, initially taking the twenty first spot with a time-weighted rating of 37,072 on Thursday. Since then, it has climbed to the primary place after including 104,000 TRUMP tokens and attaining a rating of 715,113.
On-chain information agency Lookonchain reported that it “Appears to be like like Justin Solar (@justinsuntron) has registered for the $TRUMP dinner. He presently holds 1,176,803 $TRUMP ($14.32M), rating #1 on the leaderboard.”
On the time of writing, TRUMP trades at $13.42, a ten% enhance within the every day timeframe.
TRUMP's efficiency within the one-week chart. Supply: TRUMPUSDT on TradingView
Featured Picture from Unsplash.com, Chart from TradingView.com
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