➤ Is the Trump Coin Dinner an Expensive Meal or Token Marketing?
Yesterday, Trump announced a highly anticipated event: a private dinner will be held on May 22, 2025, at the Trump National Golf Club in Washington, D.C., inviting the first 220 holders of the $TRUMP token to attend.
The top 25 holders will not only be able to attend the dinner but will also enjoy an exclusive reception before the dinner and a VIP tour of the White House the next day.
The registration process is relatively simple:
Step 1: Connect your Solana wallet, which must hold at least 1 $TRUMP token.
Step 2: Submit basic information (such as name, email, phone number), no KYC required, theoretically anyone can register.
Step 3: Hold as many $TRUMP tokens as possible between April 23 and May 12; the more tokens you hold and the longer you hold them, the higher your ranking. Rankings are updated in real-time on the official website.
➤ Participants who qualify in the top 220 must pass a strict background check and cannot be from KYC prohibited countries (such as North Korea, Iran, etc.), and cannot bring additional guests, as this involves close contact with the President of the United States.
After the event was announced, the price of the $TRUMP token experienced a surge, rising from $8-9 to $16, with a maximum increase of over 70%, currently stabilizing at $13-14.
According to Tokenomist data
>> On April 18, $TRUMP unlocked approximately 40 million tokens worth around $300 million, accounting for 20% of the circulating supply.
>> The price fell from $14 to $12, even dipping below $12 at one point, indicating that market makers or whales were offloading.
>> Since its launch on January 17, the $TRUMP token has reached a high of $73 and a low of $7.1, a decline of over 90%. As a "presidential token," this level of decline is quite abstract.
The official website states that the unlocked tokens will be locked again for 90 days, but does not specify which batch this is; is it the first? Or is it related to the previously mentioned March 18 event?
➤ Is the real purpose of the dinner to eat or to sell tokens?
On the surface, this dinner appears to be an intimate interaction between Trump and his supporters, but considering the performance of the token market and the design of the event, its core purpose is clearly to stimulate interest through the hype of the "presidential dinner."
However, for a small number of high-net-worth individuals, the opportunity to exchange $100,000 for a chance to be in the same frame as the President of the United States still holds some allure, after all, dining with the President is a symbol of status in social circles.
$TRUMP