cpeditor
You don’t have to be a major player in the crypto world to get a chance at dinner with former President Donald Trump at his private, members-only club in Washington, D.C.
The team behind the Trump memecoin issued a clarification on Thursday, announcing that the top 220 holders on its leaderboard — with the smallest wallet holding just $420 worth of TRUMP tokens — are eligible for the exclusive dinner, countering rumors that a six-figure token stash was needed.
“We want to clear up the confusion that’s been circulating on X and in the media,” the team wrote in a post on its official X account. “You do not need $300K+ to participate (you don’t); and we are not unlocking tokens for this competition (we’re not).”
The TRUMP token surged 70% this week, trading at around $12 as of Thursday, largely fueled by the buzz surrounding the “Dinner with Trump” event, as reported by CoinDesk.
On X, some users had suggested that only holders with more than $300,000 worth of tokens could join the competition, while others believed that the 220th spot on a blockchain explorer was the minimum cutoff. The team rejected both ideas, confirming that only those who register through the official leaderboard will be eligible, and that only time-weighted holdings during the competition period will be counted.
As of now, the leading wallet on the leaderboard, under the pseudonym “Sun,” holds over 1.1 million TRUMP tokens, worth nearly $14 million. The 220th wallet, which qualifies for the competition, is held by “HAR” and contains just 35.3 TRUMP tokens, or about $420.
There are 25 VIP wallets on the leaderboard, with the cutoff for VIP status being holders of over $400,000 in TRUMP.
The team also addressed concerns about the potential impact of token unlocks on the leaderboard, assuring participants that both the cliff unlock and subsequent daily unlocks will remain inaccessible for 90 days, surpassing the competition’s duration.
“We want to emphasize once again that the tokens from the initial cliff unlock and the following daily unlocks will remain locked for an additional 90 days,” they clarified.
