Deng Tong, Golden Finance
On April 24, 2025, TRUMP MEME officially disclosed that Trump's "TRUMP DINNER" dinner will be held in Washington on May 22 at the Trump National Golf Club in Washington, DC. The top 220 TRUMP token holders will be invited, and the top 25 token holders will enjoy a private VIP reception with Trump and a special VIP tour of the White House the next day. All participants must pass a background check and conduct KYC and compliance checks on their wallets. Guests are prohibited (only registered personnel can attend), and once the meeting information is submitted, it cannot be changed. The dinner was arranged by Fight Fight Fight LLC, and Trump will attend the dinner as a guest and will not raise any funds.
As soon as the news was announced, the price of TRUMP soared, reaching as high as $14.37. As of press time, TRUMP was at $12.37, up more than 33%.
According to Loonchain monitoring, after the news about the TRUMP dinner was released, a whale spent 5 million USDC to buy 407,467 TRUMPs at a price of US$12.27.
Then, the whale sold 407,467 TRUMPs at a total price of $5.73 million in less than half an hour, making $731,800 in less than 30 minutes.
Another long-term TRUMP liquidity provider removed liquidity from 2 wallets at more than 8 o'clock this morning, receiving 211,977 TRUMPs ($2.76 million) and 18,376 SOLs ($2.76 million). Now both wallets are among the top 220 holders, giving them the opportunity to receive two invitations to the TRUMP dinner. This person bought 332,424 TRUMP ($802,000) at $2.41 on the day of listing and added liquidity. At the peak, these tokens were worth more than $24 million.
However, some whales were not so lucky. According to on-chain analyst Ember, a TRUMP token investor liquidated his position about 20 hours before the good news was released, making a profit of only $483,000, while if he had held the position until the news was released, his theoretical profit could have reached $4.28 million.
TRUMP has been disappointing in its long-term performance since its launch. After soaring to over $75 on its launch day, its gains were quickly pared as investors noticed the high concentration of tokens and the short exercise period - the token's market value rose to about $15 billion after its launch on January 17, but plummeted by more than 50% by January 20. Given that 80% of the supply was allocated to the founder and entities controlled by Trump, it is difficult to justify Trump's current market value of $2.6 billion.
TRUMP official market value (USD). Source: CoinMarketCap
Although Trump's activities have boosted short-term trading volume, it is difficult for the price of the currency to have a substantial increase or decrease due to a certain dinner. The current surge is a market trend achieved under the dual blessing of market speculation and Trump's "selling feelings". In the long run, unless TRUMP can alleviate investors' concerns about token unlocking, it will be difficult to reverse its long-lasting flat trend.
TRUMP's official terms and conditions show that President Trump may be absent. If the dinner is canceled or he fails to attend, eligible TRUMP holders will receive a limited edition NFT as a replacement.
In this way, Trump's dinner will not only drive the TRUMP Meme coin, but also make Trump-themed NFTs attractive again.
In fact, long before Trump's second election, Trump tried to "make NFTs great again."
On May 8, 2024, Trump held an NFT dinner at the Mar-a-Lago Resort in Palm Beach, Florida. Buyers who purchased at least 47 Trump "MugShot Edition" NFTs were invited to attend. There are a total of 100,000 NFTs in this series, of which 99,000 are available for purchase at $99 per piece. If 47 pieces are purchased in a single transaction ($4,653), you will have the opportunity to have dinner with Trump. At the time, Trump announced a strong embrace of cryptocurrencies and promised to end the United States' hostility to digital currencies, which was a significant change from his previous criticism of cryptocurrencies.
(NFT dinner photo)
(MugShot Edition Series NFT)
Trump's NFT issuance dates back to December 2022, when 45,000 cards were issued, including his image as a superhero, astronaut, western sheriff and a series of other fantasy characters. These NFTs were minted on Polygon, and the standard edition cards were sold for $99 each. Customers who purchased 45 cards received a ticket to the NFT dinner. According to OpenSea data, all 45,000 NFTs sold out in about 12 hours at the time. In March 2023, when Trump was indicted in the Manhattan District Attorney's investigation, NFT prices skyrocketed, with the highest selling price approaching $1,700.
On April 19, 2023, the Trump team launched the second series of Trump digital trading cards, maintaining a price of $99 per card, and sold out 5 hours after the release, earning $4.6 million.
Although it is still unknown how much this NFT will benefit Trump, it is clear that Trump has TRUMP Meme in one hand and NFT in the other. It is not important whether TRUMP and NFT can continue to be great. It is enough to have a surge in the market and hot exposure in the short term.
Appendix: A list of the current holdings of the top 30 TRUMP token holders
A South Korean court temporarily lifted Upbit’s business suspension over alleged anti-money laundering violations. The legal battle continues as Upbit faces scrutiny for transactions with unregistered foreign exchanges.
AnaisSBF was moved to an Oklahoma prison to serve his 25-year sentence after secretly recording an interview with Tucker Carlson under the guise of a legal call. Prison officials placed him in solitary and may impose further penalties. With his pardon chances already slim, could this seal his fate?
CatherineThe US DOJ intercepted encrypted channels, seizing over $200,000 in crypto and identifying key organisers. While Telegram-based terror financing is limited, new donation channels continually emerge, complicating enforcement.
KikyoZachXBT raised concerns about the credibility of Token2049 sponsors, especially Spacecoin, calling it a "botted project" despite its prominent sponsorship. He also flagged several exchanges like Bitunix and JuCoin for regulatory issues, warning that sponsorships don't always guarantee legitimacy.
WeatherlyWirex has launched Wirex Travel, offering up to 65% off hotel bookings and 8% cashback on Wirex card payments. Users can book with fiat or crypto, including Bitcoin and Tether, while accessing exclusive deals. This move challenges Binance-backed Travala in the crypto travel market.
CatherineCZ launched "Pay to Reach" on ReachMe.io, letting users pay in BNB to message him with a guaranteed reply. Due to overwhelming spam, he raised the price from 0.04 BNB to 1 BNB, aiming for only 10 messages per day.
AnaisA fabricated video depicting Donald Trump unveiling the Bitcoin whitepaper has been circulating online. While the clip is clearly a hoax, Trump's actual impact on the cryptocurrency landscape is far from fictional.
KikyoAlibaba's Taobao platform has launched a campaign to combat the use of AI-generated images that mislead consumers and misrepresent products. The platform is enhancing its detection system and labeling AI-generated images to protect consumers and promote authenticity in online shopping.
AnaisSenator Bernie Moreno criticised former SEC Chairman Gary Gensler, calling him "one of the stupidest people in government" during a hearing. Gensler's departure followed Trump’s promise to remove him, amid frustrations in the crypto community over his aggressive regulatory stance.
AnaisElon Musk's plan to cut $1 trillion in government spending by May has sparked intrigue and scepticism. Critics question its feasibility, citing legal hurdles and potential layoffs. Is this a visionary reform or an unrealistic ambition?
Catherine