Briefly,
- President Trump's Solana meme coin skyrocketed in price Wednesday, topping $14 for the first time since early March.
- Announcing a special dinner for the top TRUMP Token holders triggered this surge.
- Users must register via the coin's official website and provide identifying info to be eligible.
President Trump's official Solana meme coin, TRUMP, skyrocketed in value Wednesday after the project offered an exclusive dinner as a reward for top token holders.
TRUMP has risen by nearly 66% in the last 24 hours, based on data provided by CoinGecko. It went from $9.30 up to $14.72, and this was achieved in just under an hour. It's the highest price seen for Trump's meme coin since early March.
News of the announcement created a stir among crypto traders, pushing the token’s trading volume to more than $295 million in the last 24 hours according to data from DEX Screener—$177 million more than the next highest-traded token in that time.
#TRUMP is going vertical with news. The President will be hosting a dinner for the 220 top holders of his meme coins. pic.twitter.com/EapN73C2NZ
— K A L E O (@CryptoKaleo) April 23, 2025
For users to be eligible for the event, held at Trump National Golf Club on May 22 in Washington D.C., they must have a ranking within the top 220 on GetTrumpMemes’ official website.
The leaderboard is based on an algorithm that uses a weighted time score derived from the TRUMP tokens held by a user and their duration between April 23rd to May 12th. Users must register by providing their legal full name, email, phone number and access to the Solana wallet that holds their tokens.
To be in the top official 220 holders on the chain, your wallet would need to hold at least 362,000 TRUMP. Due to the registration requirements that may have been overlooked, even users with just one TRUMP token are included in the top 80 on-chain holders.
The top 25 holders of the leaderboard will also receive a separate, “ultra exclusive private VIP reception”. However, the list is only required to have around 300 TRUMP tokens, as the leaderboard updates each hour. As more people register, the rankings may change.
TRUMP was the topic of discussion last week when the wallets associated with the TRUMP creators deposited $4.6M to Coinbase before the planned token unblocking. The TRUMP token will be reserved for its owners and developers.
Previous analysts have told Decrypt that the unlocks could depress the price even further, though the token’s price ultimately climbed late last week—and now news of the dinner has sent the price of TRUMP much further upwards. Plus, unlocks might be put on hold.
The official GetTrumpMemes on X, formerly Twitter, posted: “The tokens that were unlocked during the first three months will be locked for 90 additional days.”
TRUMP tokens soared in price to more than $73 in the first few days, after Trump officially launched them in January three days before Trump’s inauguration. Even after the 50% increase, the TRUMP token is still more than 80% below its previous high.
Editor's note: This story was updated after publication with additional details.
Andrew Hayward is the editor
