Trump builds a privilege system for token holders through the "#TRUMP DINNER" dinner, utilizing a time-weighted ranking mechanism (holding amount × holding duration) to elevate the holding concentration of the top 25 VIPs to 2.099 million tokens. This design essentially strengthens the capital attributes of the tokens through scarcity social incentives, with the dinner announcement pushing TRUMP to surge nearly 80% in a single day. The current price has significantly rebounded from the April low, but one must be wary of the liquidity risks brought by concentrated holdings. Coinank data shows that the top 10 addresses still control 82% of the circulating supply, and the project team's tokens have not been fully unlocked.

There may also be some impact on the cryptocurrency market; the emotional leverage effect and endorsements from political celebrities will push Meme coin speculation to new heights. The dinner privileges may attract institutional funds to participate through a "holding is a privilege" model, potentially stimulating a rotation in the altcoin sector in the short term; the time-weighted ranking is a novel token economic model, but excessive reliance on large holders may exacerbate price manipulation risks. The historical lesson of the project team's address cashing out $112 million in January 2025 still needs to be heeded; concerning the regulatory observation window, the White House dinner involves a deep binding between political figures and crypto assets, which may trigger the SEC to revisit the securities attributes of tokens, thereby affecting the compliance of the entire Meme coin track. Currently, it is essential to focus on the unlocking pace of 1.6 million locked tokens and the strength of breakthroughs at key resistance levels.