A recent announcement about a dinner with President Trump caused quite a stir in the crypto world, specifically around the TRUMP memecoin. Let’s clear up the confusion.
Dinner with the President
The TRUMP memecoin team announced that the top 220 holders of their token would get a special dinner invitation with President Trump at his private club in Washington, D.C. This event, scheduled for May 22, 2025, promises a firsthand look at Trump’s views on the future of crypto. Even better, the top 25 holders get a White House reception and tour before the dinner!
The announcement sent the TRUMP token price soaring – a nearly 60% jump in hours! This led to a lot of speculation about who would make the cut.
The $300,000 Myth
Initially, some thought you needed around $300,000 worth of TRUMP to be among the top 220 holders. This was based on looking at the Solana blockchain explorer. However, the TRUMP team clarified that this was wrong.
The explorer includes locked tokens, exchange holdings, and inactive accounts, making it unreliable. The real leaderboard uses a time-weighted score, considering both the amount of tokens held and how long they’ve been held.
The team pointed out that the actual range was much wider. The top holder had 1.17 million TRUMP (worth about $14 million at the time), while the 220th holder had significantly fewer. The 220th spot has fluctuated since then, but the requirement is far less than the initially speculated $300,000.
A Heated Competition
The race to secure a dinner invitation has been intense. Blockchain analytics firms like Nansen and Arkham Intelligence have tracked massive token movements. One investor even swapped $300,000 worth of another memecoin (FARTCOIN!) to boost their TRUMP holdings and stay in the top 25.
Justin Sun in the Mix?
There’s a lot of buzz around whether Justin Sun, the founder of TRON, is behind one of the top holders. Data suggests a wallet associated with Sun’s exchange, HTX, has amassed a huge amount of TRUMP, even reaching the number one spot on the leaderboard.
The Bottom Line
The TRUMP memecoin dinner is generating a lot of excitement and competitive trading. The initial misunderstanding about the $300,000 requirement has been cleared up, and the focus is now on the official leaderboard and the ongoing battle for a spot at the table. At the time of writing, TRUMP is up 10% for the day.
