Donald Trump to Host a Memecoin Dinner for Top TRUMP Tokenholders

YEREVAN (CoinChapter.com) — Donald Trump will host a memecoin dinner for the top TRUMP tokenholders on May 22. The official TRUMP token website states that the event will take place at Trump’s golf club in Washington, DC.

YEREVAN (CoinChapter.com) – Donald Trump will host a memecoin dinner for the top TRUMP token holders on May 22. The official TRUMP token website announced that the event will take place at Trump’s golf club in Washington, DC.

Only the top 220 wallets, determined by on-chain balances, will be invited to the memecoin dinner. Participants must also pass a background check, and those listed on KYC watchlists cannot attend. Each guest must come alone.

The website did not provide names of the TRUMP token holders, only addresses and balances. The TRUMP token launched on Jan. 17, days after Trump took office again. The token’s release and wallet activity sparked discussions among lawmakers. Some say it could allow foreign entities to send money directly to the president.

The TRUMP memecoin team still holds 80% of the total supply. Other large holders remain mostly unidentified. No clear disclosures have been published by the project or campaign.

TRUMP Token Price Surges 52% After Dinner News

The TRUMP token price surged sharply after the dinner announcement. On April 23, it rose from around $7.20 to a high of $13.65, marking an 89% increase. Trading volume also spiked to 990.36K, and the RSI hit 93, signaling strong overbought conditions.

The price rally began after the update appeared on the project’s website. Earlier this year, the token’s market cap had reached around $15 billion. It dropped by more than half by January 20.

Despite this, the team continues to promote the token with events like the upcoming memecoin dinner. No financial breakdown or allocation report has been released by the TRUMP token developers. Most data available to the public shows wallet holdings without owner names or explanations for large transactions.

MELANIA Token Team Moves $30M From Community Wallets

On Jan. 19, Melania Trump launched her own memecoin, the MELANIA token. It followed a similar pattern to the TRUMP token, reaching a high of $13.73. However, as of April 23, the token has dropped over 90% from its all-time high.

In April, the MELANIA token team moved approximately $30 million from community funds. No explanation or statement followed the transfers. Wallet tracking tools showed the shift, but the source and use of funds remain undisclosed.

The token has no whitepaper or transparent structure available to the public. The team behind the project has not listed any plans or published addresses of core developers or treasuries.

TRUMP Memecoin Project Still Lacks Full Transparency

As of April 23, the TRUMP memecoin team has not published full documents on tokenomics, governance, or revenue use. The public can only track wallet balances and price movement.

Despite the public promotion of a memecoin dinner, the project gives little detail on who is behind most wallet addresses. The bulk of the TRUMP token supply still sits under team control.

The TRUMP token holders attending the event remain unnamed. The team has not said how they will verify attendees or if any disclosures will follow. Meanwhile, the TRUMP token price continues to show strong reaction to campaign-related announcements.