President Donald Trump confirmed {that a} non-public dinner will likely be held on Might 22 at Trump Nationwide Golf Membership in Washington for the highest 220 holders of his memecoin, TRUMP.
Trump made the announcement in a social media put up on Might 5. The occasion, organized by Struggle Struggle Struggle LLC, a Trump-affiliated entity, will admit holders primarily based on a leaderboard monitoring time-weighted common balances between April 23 and Might 12.
Gala dinner
In accordance with earlier studies, the highest 25 wallets will obtain VIP entry, together with a photograph alternative with Trump and a guided tour.
All attendees will even obtain a commemorative non-fungible token (NFT) minted on Solana. If the occasion is canceled, the NFT will nonetheless be issued in lieu of attendance.
Contributors should cowl their journey and lodging, and no visitors are permitted. Eligibility is restricted by OFAC pointers, which exclude nationals from sanctioned jurisdictions corresponding to China, Russia, and Iran. Entry is open to non-US residents in any other case.
In accordance with CryptoSlate information, the Official Trump token (TRUMP ) was buying and selling at $11.21 as of press time, up 3% over the previous 24 hours.
Market volatility
The workforce behind TRUMP introduced the gala dinner days after a main insider unlock on April 20 initiated a every day emission cycle for TRUMP tokens.
In accordance with on-chain information, insider wallets labeled CIC Digital started receiving roughly $3.8 million price of tokens every day, a part of a broader unlock schedule working via April 2028.
This distribution follows an earlier $1.54 billion tranche launched in January and a $311 million switch to insiders on April 19.
On April 29, 1.346 million TRUMP tokens price $19.5 million had been transferred to Binance, OKX, and Bybit, additional fueling hypothesis of insider exercise tied to cost efficiency.
Blockchain evaluation platform Kaiko reported that TRUMP buying and selling quantity surged 200% on the dinner announcement, with centralized trade exercise briefly overtaking all different memecoins.
The preliminary announcement concerning the dinner on April 23 induced TRUMP to surge 53% from $9.40 to $14.37 inside just a few hours. The token’s upward momentum continued till April 26, when it reached $16.03, its highest worth since March 3.
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