The TRUMP Memecoin group has clarified some misconceptions in regards to the potential surprises at an upcoming dinner hosted by US President Donald Trump and addressed rumors in regards to the alleged necessities for an invite to the occasion.
TRUMP Memecoin Holders To Dine With The President
On Wednesday, the TRUMP Memecoin group introduced that the token’s prime holders would obtain an unique invitation to have dinner with President Trump at his Personal, Members-Solely Membership in Washington, D.C, to “hear close-up, from President Trump, about the way forward for Crypto.”
In accordance with the web site, the highest 220 TRUMP holders on the web site’s leaderboard will get to attend the occasion, scheduled for Could 22, 2025. In the meantime, the highest 25 holders will likely be invited to an unique reception with the US President earlier than the dinner and revel in a guided tour of the White Home.
The memecoin skilled a large worth bounce, surging almost 60% hours after the announcement and hitting a seven-week excessive of $14.37. Amid the TRUMP token’s explosion, traders started speculating who would get to attend the occasion, utilizing the Solana blockchain explorer to evaluate the biggest addresses holding the token.
A neighborhood member prompt that to be among the many prime holders, traders have to be holding round $300,00 value of the token, because the 220th-largest holder on the explorer seemingly confirmed that quantity.
Nonetheless, the TRUMP memecoin group addressed two misunderstandings, clarifying that they aren’t “unlocking into this competitors” and that customers “have been incorrectly quoting #220 on the block explorer because the cutoff.”
TRUMP Memecoin group addresses dinner necessities confusion. Supply: TrumpMeme on X
The group defined that the Solana explorer consists of locked tokens, crypto exchanges, market makers, and folks not collaborating, making the record inaccurate. As a substitute, traders ought to verify the official leaderboard, which has a time-weighted rating that calculates the quantity based mostly on the quantity and period of an investor’s TRUMP holdings.
A Battle For An Invitation
Within the X publish, the memecoin’s group additionally identified that the main holder had 1.17 million TRUMP, value round $14 million on the time, whereas the final investor to make the cutoff held solely 35.3 tokens, value round $420. Since then, the 220th spot has modified, with the deal with holding 2,284 tokens, valued at $32,100 on the time of writing, and a rating of 164.251.
Blockchain analytics agency Nansen famous that on April 24, the highest 100 TRUMP holders elevated their steadiness by over 940,000 tokens in only one hour, from 975.36 million tokens to 976.30 million whole holdings.
High 10 holders registered for the dinner. Supply: Trump Dinner Leaderboard
In the meantime, Arkham Intelligence highlighted that the competitors to remain among the many prime holders has intensified. In accordance with the Friday report, one of many main holders, below the identify “boop,” swapped $300,000 value of FARTCOIN into the TRUMP memecoin “in order that he doesn’t fall out of the highest 25 attendees for the Trump Dinner.”
Amid the continuing frenzy, traders have additionally speculated in regards to the id of the highest holder, with many suggesting that TRON founder, Justin SUN, is behind the pockets. In accordance with Arkham, somebody registered an HTX Chilly Pockets, an trade Solar is affiliated with.
The investor utilizing the username “Solar” registered the deal with with 1.07 million tokens, initially taking the twenty first spot with a time-weighted rating of 37,072 on Thursday. Since then, it has climbed to the primary place after including 104,000 TRUMP tokens and attaining a rating of 715,113.
On-chain information agency Lookonchain reported that it “Seems to be like Justin Solar (@justinsuntron) has registered for the $TRUMP dinner. He at the moment holds 1,176,803 $TRUMP ($14.32M), rating #1 on the leaderboard.”
On the time of writing, TRUMP trades at $13.42, a ten% improve within the day by day timeframe.
TRUMP's efficiency within the one-week chart. Supply: TRUMPUSDT on TradingView
Featured Picture from Unsplash.com, Chart from TradingView.com
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