The news of a dinner with donald trump is driving significant hype and demand for the trump memecoin.
The information comes from coindesk and the trump memecoin team, but the actual dinner event's occurrence and impact remain speculative.
The price of trump has already surged 70% this week, and the clarified eligibility for the dinner event could further drive demand and price increases.
The dinner event and the competition to be eligible are likely to have a short-term impact on the price.
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All You Would Need Is to Hold $420 Worth of TRUMP You don’t need to be a big-name whale to make it a supposed dinner with Trump at his private, members-only Club in Washington, D.C. By Shaurya Malwa | Edited by Parikshit Mishra Apr 25, 2025, 1:55 p.m. U.S. President Donald Trump. (Stephen Lovekin/Getty) What to know : The Trump memecoin team clarified that the top 220 holders, with a minimum of $420 in TRUMP, are eligible for a dinner with Donald Trump, not requiring a six-figure token stash. TRUMP's value surged 70% this week, driven by excitement over the dinner event, with the token trading at around $12. The team assured that token unlocks will remain inaccessible for 90 days, ensuring they do not affect the competition. The team behind the Trump memecoin said Thursday that the top 220 holders on its list, where the smallest wallet holds $420 worth of TRUMP, are eligible to win dinner with President Donald Trump, contrary to rumors that a six-figure token stash was required. “We want to clarify a few things people seem confused by on X and in the Media,” the team’s X account posted. “You need $300K+ to participate (You Don't); That we're unlocking into this competition (We're Not).” STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The response and excitement over the competition to have "Dinner with President Trump" is amazing! We want to clarify a few things people seem to be confused by on X and in the Media. -You need $300K+ to participate (You Don't) -That we're unlocking into this competition (We're… — TrumpMeme (@GetTrumpMemes) April 24, 2025 TRUMP surged 70% this week, trading at around $12 as of Thursday, mainly driven by hype around the so-called “Dinner with Trump” event, according to CoinDesk’s earlier reporting . Some users on X claimed that only holders with more than $300,000 in tokens could participate. Others speculated that the wallet ranked 220 on a blockchain explorer was the minimum cutoff. In order to attend the private dinner, you must be within the top 220 holders This means you need at least 27,810.12 $TRUMP which amounts to $357,916.24 for dinner https://t.co/QUXi2i4C2E pic.twitter.com/AlLvlOLvun — Steve (@steoniy) April 23, 2025 The team dismissed both claims, stating that users must register via the official leaderboard and that only time-weighted holdings during the competition will count. Currently, the leaderboard's top wallet, under the pseudonym “Sun,” holds over 1.1 million TRUMP tokens, worth nearly $14 million. The 220th spot was held by “HAR,” with just 35.3 TRUMP tokens, or about $420 in dollar terms. Twenty five wallets are listed as VIPs on the leaderboard, where the cut-off holder sits on over $400,000 worth of TRUMP. The team also addressed concerns about token unlocks affecting the leaderboard, stating that both the cliff unlock and subsequent daily unlocks would remain inaccessible for 90 days, outlasting the competition itself. “We want to say again that the tokens from the initial cliff unlock and the following 3 months of daily unlocks will remain locked, each for an additional 90 days,” it said. Donald Trump Trump Shaurya Malwa Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN. X icon About About Us Masthead Careers CoinDesk News Crypto API Documentation Contact Contact Us Accessibility Advertise Sitemap System Status DISCLOSURE & POLICES CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies . CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. 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