A crypto contest ended on May 12, crowning the top 220 holders of the $TRUMP token with invitations to a Gala Dinner on May 22 in Washington, D.C. The top 25 among them will also enjoy a private VIP reception with President Trump and a White House tour . Leading the leaderboard is an account tied to Justin Sun, holding 1,432,003.302 TRUMP (≈ $19 million) . In second place stands MemeCore, a Singapore-based firm with ≈ $17.5 million in tokens . Australia’s crypto entrepreneur Kain Warwick also made the cut, reflecting an average spend of $1.5 million per seat .
Following the cutoff, many winners began liquidating positions, sending $TRUMP’s price into a sharp tumble .
Event Details
Date & Venue: May 22, 2025, at Trump National Golf Club, Washington, D.C.
Admission Criteria: Hold (or buy) the most $TRUMP by May 12; coins measured by “time-weighted” holdings.
Perks: Top 25 receive a VIP reception and White House tour; others dine in a black-tie-optional gala.
Top Participants
Justin Sun (Hong Kong): Holds over 1.43 million TRUMP (~$19 million).
MemeCore (Singapore): Spent about $17.5 million; openly campaigned on X to climb the leaderboard.
Kain Warwick (Australia): Qualified among top 220; invested heavily after a social-media tip.
Spending & Market Impact
Investment Range: Winners spent between $53,500 and $16.4 million for dinner invites
Price Volatility: $TRUMP dipped over 88% before the contest, rebounded 40% by cutoff, then plunged again as holders cashed out
Regulatory Concerns: Critics warn of foreign influence and ethical questions over presidential perks tied to a token largely unregulated by the SEC..
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