The price of Donald Trump’s meme coin, TRUMP, jumped sharply after an event announcement on its website. According to the announcement, the coin’s top 220 holders were promised exclusive access to two events featuring the former U.S. president, with a Gala dinner and private reception scheduled for May 22.
Two events announced for top coin holders
According to the TRUMP coin website, 220 of the largest holders will attend a private gala dinner. The event will take place at Trump National Golf Club in Washington, D.C. The site also stated that the top 25 holders will access an exclusive VIP reception with Trump on the same day.
The announcement appeared on April 23 and triggered a sharp price movement. According to CoinMarketCap data at the time of press, TRUMP noted a 33.18% uptick to $12.22, starting near $9.22 and peaking above $14 before correcting. The price moved between $12 and $13, then stabilized at $12.22.
Market cap rose to $2.44 billion, while trading volume soared 637.55% to $5.57 billion. Fully diluted valuation matched $12.22 billion, with a 227.41% volume-to-market cap ratio. Despite the rise, the price remains well below its January 19 peak of $75.35. That peak was recorded just one day before Trump’s 2025
Leaderboard to determine event access
Eligibility for the May 22 events will be based on coin holdings between April 23 and May 12. The website explains that the leaderboard updates hourly and tracks the average TRUMP holdings. The more coins a holder maintains during this window, the higher their rank will be.
“The competition is fierce,” reads a statement from the website. Holders are encouraged to increase and maintain their balances to secure a position. The platform emphasized that only top holders will receive the invitations.
According to a report by WSJ, two entities control 80% of the circulating tokens. These entities are CIC Digital LLC, linked to The Trump Organization, and a Delaware-registered firm named Fight Fight Fight LLC.
The coin was first introduced days before Trump’s inauguration on January 20. Its value had declined 88% from its high before this week’s recovery. The White House and The Trump Organization have not issued official responses to the event promotions. All event and leaderboard details remain listed on the official $TRUMP coin website.
