The TRUMP meme coin dinner competition has concluded, and the top 220 winners will be informed about the next steps. Participants and winners will be given NFTs, with hints of an upcoming new phase for TRUMP.
Despite allegations of corruption and political wrongdoing linked to the event, the meme coin's value surged by almost 50% in the last month due to strong market interest. Participants have been encouraged not to sell their TRUMP tokens through a direct financial incentive.
Recently, it was revealed that President Trump would host a Gala Dinner for the major holders of his meme coin, generating significant excitement. An official social media update disclosed that the dinner, to be held in 10 days, will include many details.
The Gala Dinner promises to provide NFTs to all participants of the TRUMP contest, in addition to various NFT-based rewards. Each leaderboard participant will receive an NFT, while the top 220 winners will get multiple NFTs.
Participants who refrain from selling TRUMP tokens between now and the dinner will receive a special "Diamond Hand" NFT on Solana's blockchain.
The strategy of the President's meme coin team appears to be incentivizing users financially to retain their tokens until after the dinner, despite the corruption accusations involving the event. Trump may face legal repercussions for potential misconduct during the dinner competition.
There are suspicions of private entities purchasing TRUMP for possible political favors, particularly among the top holders.
The competition's managers hinted at future plans for TRUMP, encouraging holders to wait. Additionally, they introduced the Trump REWARDS POINTS PROGRAM and urged holders to stay tuned for the announcement about the "Next Era of TRUMP" at the dinner.
Although details are sparse, the Trump Rewards Points initiative and the upcoming era for TRUMP may have similarities to an alleged insider trading incident mentioned by LIBRA promoter Hayden Davis. The Gala Dinner could hold surprises and significant developments for TRUMP.