“From April 23 to May 12, hold as much $TRUMP as you can. Your average holdings during this period will determine your ranking,” the website advertising the dinner announces. “The more $TRUMP you hold—and the longer you hold it—the higher Your Ranking wil

Meme Coin Rallies Ahead of Special Dinner to Determine Its Ranking

The Trump coin dinner is a unique event that will bring together some of the biggest names in crypto and politics. It will be interesting to see how the competition for the special dinner invitation unfolds among the meme coin investors.

output: A special dinner with former President Trump is up for grabs among those who can hold the most TRUMP meme coins.

The billionaire’s namesake meme coin, which is currently valued at $2.63 billion, has seen its price rally nearly 49% since the announcement of the special dinner, according to tracker CoinMarketCap.

The dinner event is set to take place on April 23, and it will be awarded to the investor who holds the highest average amount of TRUMP coins in his account from April 23 to May 12, according to the official website.

“From April 23 to May 12, hold as much TRUMP as you can. Your average holdings during this period will determine your ranking,” the website advertising the dinner announces. “The more TRUMP you hold—and the longer you hold it—the higher Your Ranking will be.”

The special dinner comes a week after approximately 40 million Trump meme coins were unlocked to investors. The meme coin debuted just days before Trump was sworn into office, with approximately 200 million coins made available to the public. At its peak, the Trump coin was valued at nearly $15 billion.

At its peak, the Trump coin was valued at nearly $15 billion.

At the beginning of the year, Trump announced that he would be launching his own cryptocurrency, called TRUMP COIN. The coin is a BEP-20 token that will be sold on the Binance Smart Chain.

The Trump coin is a meme coin that serves purely for speculation on the market. Trump-affiliated companies reportedly own 80% of the meme coin, and Trump and other investors will only profit from the coins by selling them. Since Trump owns a vast majority of the coins, there is a concern that if he did sell, he would “pull the rug” on investors. However, this move appears unlikely as he seeks to build up crypto policy in the U.S.

In a March executive order, Trump vowed to make the United States “the cryptocurrency capital of the world.” He created the Strategic Bitcoin Reserve to “treat bitcoin as a reserve asset.”

Trump even appointed David Sacks, a billionaire who made his fortune from investing in internet technology firms, to be the nation’s first-ever “crypto czar.” He also appointed several pro-crypto officials to his administration, including Securities and Exchange Commission Chairman Paul Atkins, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent.