President Donald Trump confirmed that a private dinner will be held on May 22 at the Trump National Golf Club in Washington for 220 holders of his top memecoin, TRUMP.
Trump announced this in a social media post on May 5. The event is organized by Fight Fight Fight LLC, an organization affiliated with Trump, and will accept holders based on the ranking of average balance tracking from April 23 to May 12.
Formal Dinner
According to previous reports, the top 25 wallets will enjoy VIP privileges, including the opportunity to take photos with Trump and to be guided on a tour.
All attendees will also receive a commemorative non-fungible token (NFT) minted on Solana. If the event is canceled, the NFT will still be issued instead of attendance.
Participants must cover their own travel and accommodation costs, and guests are not allowed. Participation conditions are restricted by OFAC guidelines, excluding citizens from sanctioned jurisdictions such as China, Russia, and Iran. Entry is open to non-U.S. citizens.
According to CryptoSlate data, Trump’s official token (TRUMP) is trading at $11.21 at the time of press reporting, up 3% in the last 24 hours.
Market Fluctuations
The group behind TRUMP announced this formal dinner a few days after the important internal event on April 20 that initiated the daily release cycle for the TRUMP token.
According to on-chain data, the internal wallet labeled CIC Digital began receiving approximately $3.8 million worth of tokens daily, part of a broader unlocking schedule extending to April 2028.
This distribution follows a previous $1.54 billion distribution in January and a $311 million transfer to insiders on April 19.
On April 29, 1.346 million TRUMP tokens worth $19.5 million were transferred to Binance, OKX, and Bybit, further fueling speculation about insider trading related to price performance.
The blockchain analytics platform Kaiko reported that TRUMP trading volume skyrocketed by 200% after the dinner announcement, with temporary centralized exchange activity surpassing all other memecoins.
The initial announcement of the dinner on April 23 caused TRUMP to surge by 53% from $9.40 to $14.37 within a few hours. The upward momentum of this token continued until April 26, when it reached $16.03, the highest price since March 3.
