The Solana-based $TRUMP meme coin, officially endorsed by President Donald Trump, surged 66% on April 23, 2025, following the announcement of an exclusive event: the top 220 holders of the token will receive invitations to dine with the former president in Washington, D.C. on May 22. The top 25 holders will also gain VIP access to a private reception and White House tour.
According to CoinGecko, the token jumped from $9.30 to $14.72, hitting its highest level since early March before falling back to $12. Trading activity exploded, with 24-hour volume exceeding $295 million, far outpacing other tokens on decentralized exchanges. DEX Screener data showed the second most traded token lagging behind by more than $170 million.
Details of Dinner Event with the President
To be eligible, holders must register through the official website, pass a background check, and ensure they are not from sanctioned jurisdictions. The event is not a fundraiser, and Trump will attend in a non-campaign capacity.
Eligibility is determined by a time-weighted scoring system, which tracks not only the amount of $TRUMP tokens held but also how long they’ve been held—beginning April 23 through May 12. Participants must connect a Solana wallet containing their tokens and provide legal identification details through the GetTrumpMemes site.
As of the latest leaderboard snapshot, wallets holding over $360,000 in $TRUMP are within the top 220, though low registration activity has created anomalies. Some wallets holding just a single token have appeared in the top 80, a figure expected to shift as registration numbers rise.
The top 25 holders will be granted VIP access to a private reception with Trump. Currently, roughly 300 tokens appear to secure a spot in this tier, though rankings are updated hourly, intensifying competition.
Tokenomics and Political Tension
Launched on January 17, 2025, just before Trump’s inauguration, the $TRUMP coin has a total supply of 1 billion tokens. Of these, 200 million were released to the public, while 800 million remain in the control of Trump-affiliated entities, including CIC Digital LLC and Fight Fight Fight LLC, with planned staggered releases over three years.
The token peaked at $75 shortly after launch but has since shown volatility, trading at $13.39 as of April 23. The recent price rally coincided with the unlocking of 40 million insider-held tokens, raising concerns over market manipulation.
The growing fusion of political power and cryptocurrency ventures has sparked ethical debate. Critics argue the $TRUMP coin risks blurring the line between public service and private enrichment, potentially enabling anonymous political donations or conflicts of interest. A Financial Times analysis estimated the project has already generated at least $350 million in token sales and platform fees, heightening scrutiny over its intent and transparency.
Further complicating the narrative is the launch of similar tokens, such as Melania Trump’s $MELANIA coin, adding to market saturation and drawing attention to potential investor protection risks in politically driven crypto projects.
Quick Facts
- The $TRUMP coin surged 66% on April 23, 2025, after announcing an exclusive dinner with President Trump for top token holders.
- The coin was launched in January 2025 with a 1 billion token supply, 800 million of which are controlled by Trump-linked entities.
- The top 220 holders are eligible for the event, with VIP perks for the top 25 participants.
- The project has raised at least $350 million, raising regulatory and ethical concerns about political influence in crypto markets.
