The Donald Trump memecoin project has clarified the rules of its newly launched competition, which gives holders a chance to attend a private dinner with the US president.
On April 23, the team behind the TRUMP token announced that the top 220 holders would receive invites to an exclusive dinner set for May 22. They added that the top 25 participants will also gain access to a special VIP reception and a guided tour of the
Early reports estimated that participants would need to hold over $395,000 worth of the TRUMP token to qualify.
However, the project team has pushed back against figures, stating that contenders do not need to spend hundreds of thousands of dollars to qualify. The team also rejected claims that locked tokens would be released to influence the competition.
Leaderboard to determine winners
In a post on X, the Trump memecoin team explained that many users mistakenly identified the 220th wallet address on the block explorer as the cutoff point.
The team stressed that this figure is misleading, as it includes exchange wallets, locked tokens, and addresses not eligible for the competition.
According to them, only wallets listed on the official leaderboard, which tracks time-weighted holdings, are eligible. They stated:
“The field is wide open and it’s anyone’s opportunity to have Dinner with President Trump. You must register on the leaderboard if you want to participate. The sooner the better. Your score is based on your time-weighted holdings during the competition.”
As of press time, the “Sun” wallet tops the leaderboard with more than 1.17 million TRUMP tokens, valued at about $15 million. The 220th-ranked user, “Moek,” holds 112 TRUMP tokens worth around $1,344.
When the project posted its update to X, the 220th-ranked user was an account labeled ‘HAR’ holding $420. Thus, the minimum ticket price more than tripled within a few hours.
Trump may not attend
Despite the marketing hype, the team disclaimed that Trump’s attendance at the gala dinner is not guaranteed.
According to the event terms:
“President Trump may not be able to attend the $TRUMP Gala Dinner, and the $TRUMP Gala Dinner may be cancelled for any reason (including, but not limited to, a force majeure event).”
The team furthered that if Trump cannot attend or the dinner does not proceed as intended, eligible participants will receive a limited edition TRUMP NFT as compensation.
The post Trump memecoin team highlights $420 price for Dinner with the President, then it tripled appeared first on CryptoSlate.