Trump Hosts Exclusive Gala for Top TRUMP Token Holders—Because Nothing Says ’Decentralization’ Like VIP Treatment
Former President Donald Trump doubles down on crypto pandering with a May 22 dinner for TRUMP token whales—because what better way to celebrate ’the people’s currency’ than with a velvet-rope event?
Meme coin holders get steak dinners while retail bags the bill. Classic Wall Street playbook—just with more blockchain buzzwords.
Gala dinner
According to previous reports, the top 25 wallets will receive VIP access, including a photo opportunity with Trump and a guided tour.
All attendees will also receive a commemorative non-fungible token (NFT) minted on Solana. If the event is canceled, the NFT will still be issued in lieu of attendance.
Participants must cover their travel and lodging, and no guests are permitted. Eligibility is restricted by OFAC guidelines, which exclude nationals from sanctioned jurisdictions such as China, Russia, and Iran. Entry is open to non-US citizens otherwise.
According to CryptoSlate data, the Official Trump token (TRUMP ) was trading at $11.21 as of press time, up 3% over the past 24 hours.
Market volatility
The team behind TRUMP announced the gala dinner days after aon April 20 initiated a daily emission cycle for TRUMP tokens.
According to on-chain data, insider wallets labeled CIC Digital began receiving approximately $3.8 million worth of tokens daily, part of a broader unlock schedule running through April 2028.
This distribution follows an earlier $1.54 billion tranche released in January and a $311 million transfer to insiders on April 19.
On April 29, 1.346 million TRUMP tokens worth $19.5 million were transferred to Binance, OKX, and Bybit,of insider activity tied to price performance.
Blockchain analysis platform Kaiko reported that TRUMP trading volume surged 200% on the dinner announcement, with centralized exchange activity temporarily overtaking all other memecoins.
The initial announcement about the dinner on April 23 caused TRUMP to surge 53% from $9.40 to $14.37 within a few hours. The token’s upward momentum persisted until April 26, when it reached $16.03, its highest price since March 3.
