President Donald Trump confirmed that he scheduled a private dinner for May 22 at Trump National Golf Club in Washington, exclusively for the top 220 holders of his memecoin, TRUMP.
President Trump confirmed that he will conduct the Gala dinner for the top TRUMP holders on May 22.
Trump made the announcement through a social media post on May 5. Fight Fight Fight LLC, an entity affiliated with Trump, is organizing the event, and will grant admission 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, organizers will grant VIP access 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 organizers will still distribute the NFT as a substitute for attendance.
Participants must cover travel and accommodation expenses; they cannot bring guests. OFAC guidelines restrict eligibility, prohibiting 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.
CryptoSlate reported that the Official Trump token (TRUMP) was trading at $11.21 at the time of publication, reflecting a 3% increase over the previous 24 hours.
Market Turbulence Shakes Investor Confidence
The team behind TRUMP announced the gala dinner just days following a significant insider unlock on April 20, which triggered a daily emission cycle for TRUMP tokens.
Based on on-chain data, insider wallets labeled CIC Digital receive approximately $3.8 million worth of tokens daily, as part of a larger unlock schedule that will continue through April 2028.
The organization carried out this distribution following a previous tranche of $1.54 billion released in January and an additional $311 million that it transferred to insiders on April 19.
On April 29, someone moved a total of 1.346 million TRUMP tokens, valued at $19.5 million, to Binance, OKX, and Bybit, intensifying speculation that insider actions may be influencing price movements.
Blockchain analytics platform Kaiko reported that TRUMP’s trading volume 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. The token sustained this upward momentum until April 26, when it peaked at $16.03, marking its highest price since March 3.
