In an unprecedented move, the team behind the TRUMP memecoin has announced that holders of just $420 worth of TRUMP tokens can enter a competition for a dinner with former U.S. President Donald Trump. This announcement has sparked excitement in the crypto community, leading to a significant surge in the token’s value.
Key Takeaways
- Eligibility: Only the top 220 holders of TRUMP tokens, each with a minimum of $420, can participate in the dinner event.
- Token Surge: TRUMP’s value increased by 70% this week, trading around $12, fueled by the dinner announcement.
- Clarifications: The team has clarified that no six-figure holdings are necessary to enter the competition.
The Dinner Announcement
The TRUMP memecoin team clarified that the top 220 holders of the token, with a minimum holding of $420, are eligible for a chance to dine with Trump at his exclusive members-only club in Washington, D.C. This revelation dispelled earlier rumors suggesting that participants needed to hold over $300,000 worth of tokens.
The excitement surrounding the event has led to a notable increase in the token’s market value, with TRUMP trading at approximately $12, a 70% rise in just a week. The team emphasized that the competition is open to a broader audience than initially perceived, aiming to engage more fans and supporters.
Clarifications from the Team
In response to confusion on social media, the TRUMP memecoin team took to their official account to clarify the following points:
- No High Minimum Requirement: Contrary to some claims, participants do not need to hold $300,000 or more in TRUMP tokens.
- Token Unlocks: The team assured that token unlocks will remain inaccessible for 90 days, ensuring that they do not impact the competition.
Current Token Standings
As of now, the leaderboard for the competition shows the following:
- Top Holder: The wallet under the pseudonym "Sun" holds over 1.1 million TRUMP tokens, valued at nearly $14 million.
- 220th Holder: The wallet ranked 220th, known as "HAR," holds just 35.3 TRUMP tokens, equating to about $420.
- VIP Holders: There are 25 wallets listed as VIPs, with the cutoff holder sitting on over $400,000 worth of TRUMP.
Conclusion
The opportunity to dine with a former president for a relatively low investment in cryptocurrency has captured the attention of many. As the TRUMP token continues to gain traction, the upcoming dinner event promises to be a unique intersection of politics and the burgeoning world of digital currencies. With the competition set to unfold, many are eager to see how this innovative approach to engagement will play out in the coming weeks.
