President Donald Trump confirmed {that a} personal dinner will likely be held on Might 22 at Trump Nationwide Golf Membership in Washington for the highest 220 holders of his memecoin, TRUMP.
Trump made the announcement in a social media put up on Might 5. The occasion, organized by Combat Combat Combat LLC, a Trump-affiliated entity, will admit holders primarily based on a leaderboard monitoring time-weighted common balances between April 23 and Might 12.
Gala dinner
In accordance with earlier experiences, the highest 25 wallets will obtain VIP entry, together with a photograph alternative with Trump and a guided tour.
All attendees can even obtain a commemorative non-fungible token (NFT) minted on Solana. If the occasion is canceled, the NFT will nonetheless be issued in lieu of attendance.
Contributors should cowl their journey and lodging, and no visitors are permitted. Eligibility is restricted by OFAC pointers, which exclude nationals from sanctioned jurisdictions resembling China, Russia, and Iran. Entry is open to non-US residents in any other case.
In accordance with CryptoSlate information, the Official Trump token (TRUMP ) was buying and selling at $11.21 as of press time, up 3% over the previous 24 hours.
Market volatility
The group behind TRUMP introduced the gala dinner days after a main insider unlock on April 20 initiated a each day emission cycle for TRUMP tokens.
In accordance with on-chain information, insider wallets labeled CIC Digital started receiving roughly $3.8 million price of tokens each day, a part of a broader unlock schedule operating by way of April 2028.
This distribution follows an earlier $1.54 billion tranche launched in January and a $311 million switch to insiders on April 19.
On April 29, 1.346 million TRUMP tokens price $19.5 million have been transferred to Binance, OKX, and Bybit, additional fueling hypothesis of insider exercise tied to cost efficiency.
Blockchain evaluation platform Kaiko reported that TRUMP buying and selling quantity surged 200% on the dinner announcement, with centralized trade exercise quickly overtaking all different memecoins.
The preliminary announcement in regards to the dinner on April 23 brought about TRUMP to surge 53% from $9.40 to $14.37 inside just a few hours. The token’s upward momentum continued till April 26, when it reached $16.03, its highest value since March 3.
Talked about on this article
