U.S. President Donald Trump is planning a private dinner for the top 220 holders of the $TRUMP meme coin, drawing renewed attention and a sharp rally in the token’s price.
The exclusive event will take place on May 22 at the Trump National Golf Club in Washington, D.C., and is designed to reward high-ranking token holders.
The dinner, described as an “intimate private” gathering, will include a speech from Trump on the future of cryptocurrency.
The invitation-only event is open to those who hold the largest average balances of $TRUMP between April 23 and May 12. A real-time leaderboard has been launched to track eligibility, and participants must register in advance.
Race to Dine with Trump is Heating Up
According to the organizers, “The more $TRUMP you hold — and the longer you hold it — the higher your ranking will be.” The message has driven increased buying pressure as holders compete for a chance to meet the former president.
A select group of top 25 holders will be invited to a VIP reception with Trump before the dinner, and will receive a “special VIP tour” of the White House the following day, arranged separately by the project’s team.
“This is the most exclusive invitation in the world,” the event’s site claims. “Only for the top 220 $TRUMP meme coin holders.” It adds, “Let the president know how many $TRUMP coins YOU own.”
The token’s issuer has also extended the lock-up period for its first batch of token releases to help reduce potential market volatility and foster greater investor confidence.
The $TRUMP memecoin was initially launched just days before Trump’s presidential inauguration, and once reached a peak market cap of nearly $15 billion. Despite declining to a low of $2.63 billion, the recent announcement has revived momentum and fueled speculative interest.
Following the announcement, $TRUMP surged nearly 64% in 24 hours, with trading volume jumping more than 300%, according to data from CoinMarketCap.
The token is now trading at $14.18, with a market capitalization of $2.84 billion — a notable recovery for a coin that has experienced considerable volatility since its launch.
With competition intensifying and rankings updating hourly, the race to dine with Trump is heating up, and so is the $TRUMP market.
$TRUMP Token Faces Potential Volatility as 40 Million Tokens Unlock
While top $TRUMP holders were dining with Donald Trump, the memecoin’s rally previously faced a harsh reality as a major token unlock threatening to shake the market.
On April 18, $TRUMP tokenholders are facing a turbulent moment as the first major unlock event for the token goes live.
A total of 40 million tokens, valued at approximately $309 million, are now circulating at a 90% discount from their all-time high price.
This release, which accounts for 20% of the current supply, marks a significant milestone in the token’s vesting schedule and introduces the potential for fresh volatility.
The April 18 unlock is considered a “cliff” event, with a large volume of tokens flooding the market simultaneously. While smaller unlocks are scheduled for subsequent dates, the immediate impact of this cliff release could have a noticeable effect on price stability.
Between April 19 and 21, approximately 493,000 tokens will unlock daily, further influencing market dynamics.
Crypto analysts are closely watching the situation. According to CLOBr, an analysis platform on X, the liquidity in the current range is thin, and while there is substantial support for the token below $10, volatility is expected to remain high.
Meanwhile, the Trump family continues to expand its crypto portfolio, having already ventured into NFT collections and memecoins, with major holdings controlled by affiliated entities like CIC Digital LLC and Fight Fight Fight LLC.
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