The Team Behind TRUMP Meme Coin Dismisses $300K Dinner Participation Fee Rumor

The team responsible for the TRUMP meme coin has denied rumors that a minimum holding of $300,000 in TRUMP tokens was necessary to attend a high-profile dinner event with President Trump. Misinformation spread on social media suggested that only the top 220 holders of the coin, with the 220th-ranked holder having over $300,000, were eligible.

The team clarified that eligibility was based on time-weighted holdings, not dollar amounts. Justin Sun, founder of Tron, emerged as the competition leader with $14 million in TRUMP tokens. Despite skepticism from some quarters, the market responded positively, with the token's price rising from $9 to over $16, before settling at $13.08.