Trump’s Private Dinner Cost VIPs $4.8M on Average, New Reward Points Program to Be Revealed Soon

The biggest holders of President Trump’s memecoin, who qualified for access to a private reception and dinner with the U.S. leader, held an average of nearly $4.8 million worth of TRUMP apiece to earn their spots via an official leaderboard ranking.

Placements were calculated using a time-weighted average of TRUMP holdings between April 23 and May 12, providing a score that was ultimately used to rank registered users. The top 25 finishers were granted “VIP” status, with extra benefits, while an additional 195 token holders gained comparatively limited access.

“The First TRUMP Competition is officially over!” the official Get Trump Memes account posted on X, outlining next steps for the token and registered participants.

VIPs, entitled to an exclusive reception with President Trump and a special tour in addition to the dinner at Trump National Golf Club in Washington D.C., carried TRUMP token balances that varied widely from top to bottom.

The 25 VIPs held an average of $4.78 million worth of TRUMP apiece at the time of the snapshot, though that value isn't necessarily what each investor paid for their tokens given the ever-fluctuating market value of the memecoin.

New Reward Points Program Coming

Before the event, the price of TRUMP saw significant volatility. Leading up to the competition's conclusion, TRUMP experienced a sharp increase due to heightened interest, reaching a peak. However, following the announcement of the competition's winners, the price began to decline. Within the last 24 hours, it has fallen almost 9.3% to $12.48.

To entice holders to maintain their TRUMP tokens, the Get Trump Memes account unveiled a Solana NFT as a reward for all users who keep their leaderboard balanced until dinner on May 22.

Additionally, the account introduced a new Trump "reward points" program with its own leaderboard and badges, expected to be revealed soon.

“The beginning of the Trump reward points program for TRUMP starts now,” the account posted, alerting followers that the “next era” for the token will be announced at the dinner.

Truth Social Clarifies Rumors Promptly

Recently, rumors circulated that Truth Social would launch a memecoin within 72 hours, raising concerns about potential liquidity risks. The premise of liquidity risk lies in the possibility that a large influx of users purchasing memecoins could lead to funds concentrating on specific assets, increasing market volatility and uncertainty. This situation could affect platform stability and user confidence.

Truth Social ($DJT) promptly issued a "Fake News Alert," clearly denying these rumors. Donald Trump Jr. personally addressed the misinformation, stating, "There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating.".