$TRUMP on Steam after holders invited to meet U.S. President
The meme coin invited the top 220 holders of the digital token to “an exclusive dinner” with the President.
Quick overview
- The 'TRUMP' meme coin has seen a significant drop, losing 90% of its peak value, but recently surged by 40% after an exclusive dinner invitation was extended to its top holders.
- The dinner, scheduled for May 22 at the Trump National Golf Club, promises attendees insights from President Trump on the future of cryptocurrency.
- Ownership of the $TRUMP coin is heavily concentrated, with 80% held by CIC Digital LLC, The Trump Organization, and The Fight Fight Fight LLC.
- Top holders of the coin will compete for exclusive perks, including a reception with Trump, based on their $TRUMP holdings and duration of ownership.
The “TRUMP” meme coin, which has plummeted to 90% of its peak value, gained traction as the website for the meme coin invited the top 220 holders of the digital token to “an exclusive dinner” with the President. The token was up by 40% within a day and breached the $12 mark
It certainly adds to the worsening conditions that set in after the peak of 75.35 the day before Mr. Trump’s inauguration, while this gain does not compensate for the previous fall in the value of the coin
The dinner offer states that the $TRUMP coin buyers will be able to “Hear close-up, from President Trump, about the future of Crypto!” Mr. Trump bolstered his investment in digital products and assured the transition of the US into the center of cryptocurrency, turning it into a digital “superpower.”
According to the Trump coin website, CIC Digital LLC, The Trump Organization, and The Fight Fight Fight LLC own 80 percent of the meme coins. The Wall Street Journal notes that Fight Fight Fight is a Delaware-based LLC.
The website mentions that exclusive dinner invitations with Mr. Trump will be given only to the highest holders of the $TRUMP meme coin.
A bonus of “an Exclusive Reception before Dinner with YOUR FAVORITE PRESIDENT!” is given to the top 25 holders.
“Our leaderboard is updated in real time every hour. You are in the running based on your $TRUMP coin count. There is a lot of competition. “Own $TRUMP — or watch from the sidelines,” the coin’s marketing website states.
The website states that the average holdings of $TRUMP owners from April 23 to May 12 will be used to calculate the leaderboard. “The more $TRUMP you hold — and the longer you hold it — the higher Your Ranking will be,” it said.
The website states that the dinner will be held on May 22 at the Trump National Golf Club in Washington.
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