It was confirmed by President Donald Trump that a private dinner is scheduled for May 22 at Trump National Golf Club in Washington, exclusively for the top 220 holders of his memecoin, TRUMP.
It was confirmed by President Trump that the Gala dinner for the top TRUMP holders will be conducted on May 22.
The announcement was made by Trump through a social media post on May 5. The event is being organized by Fight Fight Fight LLC, an entity affiliated with Trump, and admission will be granted to holders based on a leaderboard that monitors time-weighted average balances between April 23 and May 12.
Exclusive Gala Dinner Announced for TRUMP Token Holders
As stated in earlier reports, VIP access will be granted to the top 25 wallets, which will include a photo session with Trump and a guided tour.
A commemorative non-fungible token (NFT) minted on Solana will be provided to all attendees. In the event of cancellation, the NFT will still be distributed as a substitute for attendance.
Travel and accommodation expenses are required to be covered by participants, and guest attendance is not permitted. Eligibility has been restricted under OFAC guidelines, which prohibit nationals from sanctioned regions such as China, Russia, and Iran. However, entry remains open to non-U.S. citizens who are not subject to these restrictions.
As reported by CryptoSlate, the Official Trump token (TRUMP) was being traded at $11.21 at the time of publication, reflecting a 3% increase over the previous 24 hours.
Market Turbulence Shakes Investor Confidence
The gala dinner was announced by the team behind TRUMP just days following a significant insider unlock on April 20, which triggered a daily emission cycle for TRUMP tokens.
Based on on-chain data, approximately $3.8 million worth of tokens have been received daily by insider wallets labeled CIC Digital, as part of a larger unlock schedule that is set to continue through April 2028.
This distribution has been carried out following a previous tranche of $1.54 billion released in January and an additional $311 million that was transferred to insiders on April 19.
On April 29, a total of 1.346 million TRUMP tokens, valued at $19.5 million, were moved to Binance, OKX, and Bybit, intensifying speculation that insider actions may be influencing price movements.
It was reported by blockchain analytics platform Kaiko that trading volume for TRUMP spiked by 200% following the dinner announcement, with activity on centralized exchanges temporarily surpassing that of all other memecoins.
The initial announcement regarding the dinner on April 23 prompted a 53% surge in TRUMP’s value, rising from $9.40 to $14.37 within a matter of hours. This upward momentum was sustained until April 26, when the token peaked at $16.03, marking its highest price since March 3.
