The TRUMP meme coin project has introduced an exclusive incentive for its top holders, with the top 220 holders being offered a Gala Dinner with the US president, and the top 25 receiving a private tour of the White House. The rankings will include holders from the current date until May 12. Following this announcement, the value of TRUMP has surged by 50% and is still rising.
The TRUMP meme coin has experienced fluctuations recently, reaching an all-time low due to trade tensions. However, the President's announcement of a special deal for the leading holders has caused excitement.
The President has declared that the 220 users holding the most Trump tokens by May 12 will be given an exclusive dinner invitation in his presence. Additionally, the top 25 holders will enjoy a private White House tour, as per the announcement.
Since the unveiling of this dinner offer, TRUMP has surged by 50%, indicating strong support from followers. Some speculate that this dinner could be a strategy to attract exit liquidity from retail investors. The duration of this excitement remains uncertain.
Notably, individuals with high expectations from this investment have been rewarded by Trump for their contributions to his Inauguration. Hayes Davis, an advocate for LIBRA, suggested that a previous crypto dinner hinted at the launch of TRUMP.
The potential opportunity for insiders to emerge from winning this competition is evident. Observers have raised concerns about potential market manipulation, especially after the recent unlocking of $307 million worth of TRUMP tokens.
This marks a significant event in crypto history where top holders of a meme coin are directly engaging with the US President. It indicates Trump's commitment to rewarding and supporting meme coin holders uniquely.
While uncertainties remain, the 90-day postponement of upcoming monthly token unlocks could indicate an effort to boost the market for a potential price increase.