The TRUMP Memecoin staff 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 staff 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 Could 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 revel in a guided tour of the White Home.
The memecoin skilled a large value soar, surging almost 60% hours after the announcement and hitting a seven-week excessive of $14.37. Amid the TRUMP token’s explosion, traders 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 instructed that to be among the many high holders, traders should be holding round $300,00 value of the token, because the 220th-largest holder on the explorer seemingly confirmed that quantity.
Nonetheless, the TRUMP memecoin staff 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 staff addresses dinner necessities confusion. Supply: TrumpMeme on X
The staff defined that the Solana explorer contains locked tokens, crypto exchanges, market makers, and folks not collaborating, making the listing inaccurate. As an alternative, traders ought to verify the official leaderboard, which has a time-weighted rating that calculates the quantity primarily based on the quantity and period of an investor’s TRUMP holdings.
A Battle For An Invitation
Within the X submit, the memecoin’s staff additionally identified that the main holder had 1.17 million TRUMP, value round $14 million on the time, whereas the final investor to make the cutoff held solely 35.3 tokens, value round $420. Since then, the 220th spot has modified, with the tackle 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 complete holdings.
High 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 identify “boop,” swapped $300,000 value 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 continuing frenzy, traders 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 alternate Solar is affiliated with.
The investor utilizing the username “Solar” registered the tackle 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 reaching a rating of 715,113.
On-chain knowledge agency Lookonchain reported that it “Appears 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% improve 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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