TRUMP Memecoin Jumps 50% After News of Holder Meeting with U.S. President
On May 22, U.S. President Donald Trump will welcome the top 220 TRUMP holders to his private golf club. The top 25 holders will attend an exclusive reception and a White House tour.
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On May 22, U.S. President Donald Trump will host a private dinner in Washington for 220 of the largest TRUMP holders. According to the organizers, the event will include informal discussions on the future of the crypto space.
The top 25 holders (the so-called TRUMP elite) will receive additional access to a private reception with the president and a guided tour of the White House.
Event Details
The event is scheduled for May 22 at the Trump National Golf Club. According to the memecoin project's official website, participants must:
- Register via a dedicated online form
- Rank among the top 220 token holders, based on the average TRUMP balance between April 23 and May 12
Anyone can check their ranking on the official leaderboard, updated in real time.
Related: Trump Family Teams Up with Bill Zanker for Real Estate Blockchain Game
The top 25 holders will be invited to a VIP reception with Donald Trump before dinner, followed by a special tour of the White House. The remaining 195 participants will attend the private dinner without additional programming.
Interestingly, this isn’t the first time Trump has hosted such events. In May 2024, he held a gathering in Florida for collectors of his NFT series.
Related: Donald Trump Unveils His New NFT Collection
Market Reaction
The TRUMP memecoin, listed on WhiteBIT, launched on January 17, just days before the presidential inauguration. Since then, it has experienced significant volatility. Its market cap peaked at nearly $15 billion before falling to $2.63 billion.
However, the latest announcement triggered a rapid spike in price, with the token surging more than 50% in under an hour. While the market later pulled back slightly, TRUMP remains up more than 25% over the past 24 hours, trading above $11.71 at the time of writing.
It is worth noting that 200 million tokens were distributed to investors at the time of launch, with another 40 million unlocked last week. Currently, 80% of the token supply is held by CIC Digital LLC and Fight Fight Fight LLC. These tokens are subject to a scheduled vesting process aimed at preventing excessive pressure on the market.
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