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after the announcement that the 220 largest holders of the $TRUMP meme coin will be invited to a private gala dinner with President Donald Trump. Scheduled for May 22 at Trump National Golf Club near Washington, D.C., the event is being promoted as “the most exclusive invitation in the world,” sparking a dramatic surge in the coin’s value. Following the announcement, $TRUMP’s price jumped by over 60%, climbing from around $6.5 to more than $16 in a single day, providing a sharp rebound after weeks of decline. Despite this surge, the coin remains below its all-time high of approximately $75, reached shortly after its launch in January 2025, just before Trump’s inauguration. The top 25 holders will receive additional perks, including an ultra-private VIP reception with Trump and a special behind-the-scenes tour, initially described as a White House tour but later revised to a “special VIP tour”. The dinner is being marketed as an opportunity to hear Trump discuss his vision for the future of cryptocurrency, reinforcing his recent embrace of digital assets after previously expressing skepticism. The coin, launched days before Trump’s inauguration, has a current market capitalization of around $2.5 billion. However, about 80% of the token supply is reportedly held by entities affiliated with the Trump Organization, limiting the circulating supply and raising concerns about market manipulation and conflicts of interest. Critics in the crypto community have labeled the dinner invitation a promotional stunt designed to boost the coin’s price and attract new investors. This event marks the latest chapter in the Trump family’s involvement with cryptocurrencies, following Melania Trump’s own memecoin launch and various crypto-related ventures linked to the Trump brand. The invitation has ignited a competitive rush among investors to climb the $TRUMP leaderboard, which updates hourly to show the largest holders eligible for the exclusive event. While the dinner promises an intimate setting and direct access to Trump, it has also raised ethical questions
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