2 months ago
President Donald Trump confirmed that a backstage meal volition beryllium held connected May 22 astatine Trump National Golf Club successful Washington for the apical 220 holders of his memecoin, TRUMP.
Trump made the announcement successful a societal media station connected May 5. The event, organized by Fight Fight Fight LLC, a Trump-affiliated entity, volition admit holders based connected a leaderboard tracking time-weighted mean balances betwixt April 23 and May 12.
Gala dinner
According to erstwhile reports, the apical 25 wallets volition person VIP access, including a photograph accidental with Trump and a guided tour.
All attendees volition besides person a commemorative non-fungible token (NFT) minted connected Solana. If the lawsuit is canceled, the NFT volition inactive beryllium issued successful lieu of attendance.
Participants indispensable screen their question and lodging, and nary guests are permitted. Eligibility is restricted by OFAC guidelines, which exclude nationals from sanctioned jurisdictions specified arsenic China, Russia, and Iran. Entry is unfastened to non-US citizens otherwise.
According to CryptoSlate data, the Official Trump token (TRUMP ) was trading astatine $11.21 arsenic of property time, up 3% implicit the past 24 hours.
Market volatility
The squad down TRUMP announced the gala meal days aft a major insider unlock connected April 20 initiated a regular emanation rhythm for TRUMP tokens.
According to on-chain data, insider wallets labeled CIC Digital began receiving astir $3.8 cardinal worthy of tokens daily, portion of a broader unlock docket moving done April 2028.
This organisation follows an earlier $1.54 cardinal tranche released successful January and a $311 cardinal transportation to insiders connected April 19.
On April 29, 1.346 cardinal TRUMP tokens worthy $19.5 cardinal were transferred to Binance, OKX, and Bybit, further fueling speculation of insider enactment tied to terms performance.
Blockchain investigation level Kaiko reported that TRUMP trading measurement surged 200% connected the meal announcement, with centralized speech enactment temporarily overtaking each different memecoins.
The archetypal announcement astir the meal connected April 23 caused TRUMP to surge 53% from $9.40 to $14.37 wrong a fewer hours. The token’s upward momentum persisted until April 26, erstwhile it reached $16.03, its highest terms since March 3.
The station President Trump confirms May 22 gala meal for apical TRUMP holders appeared archetypal connected CryptoSlate.
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