The TRUMP memecoin project has announced it will host an exclusive event for its largest token investors at Mar-a-Lago on April 25. The event is by invitation only, extended to the top 297 holders of TRUMP tokens.
Rankings will be calculated based on time-weighted holdings between March 12 and April 10. Investors must maintain their token balance throughout the period to be eligible for an invitation. Additionally, organizers require each invitee to complete a background check.
The project has also created a second tier for its largest investors. The top 29 holders will have the opportunity to attend a private reception associated with the luncheon. Meanwhile, the event website indicates that Trump will be the keynote speaker at the gathering. However, a White House official told Politico that the event is not on Trump's official schedule.
The planned luncheon coincides with the White House Correspondents' Association Dinner. This scheduling overlap introduces uncertainty as to whether Trump will confirm his attendance. Nevertheless, the token team continues to promote the event on its official website.
Token Holder Ranking Determines Event Eligibility
The eligibility system relies on time-weighted holdings rather than simple wallet balances. As a result, traders cannot accumulate tokens shortly before the deadline. Instead, the system favors investors who maintain a consistent holding throughout the tracking period. Organizers designed this method to reward long-term token supporters.
The ranking cycle began on March 12 and will run through April 10. After the window closes, organizers will review the leaderboard and confirm the final list of attendees. Furthermore, each qualified participant must pass a security screening before attending the event.
This luncheon marks the second gathering arranged for TRUMP token holders. A similar event took place in May at a Trump golf club. The earlier meeting garnered media attention and political criticism.
TRUMP Token Sees Slight Rebound After Event Announcement
The price of the TRUMP memecoin saw a brief recovery after news of the event circulated online. Market data shows that the token climbed to $3.06 on Thursday. This followed a previous all-time low for the asset at $2.73.
The price movement reflects a moderate reaction from traders. At the time of writing, the token is trading near $2.94. This level represents a 2.4% gain over the past 24 hours.
Additionally, Infinex founder Kain Warwick also attended the event after purchasing enough tokens to enter the top 25 leaderboard. The event also sparked political reactions outside the venue. Protesters gathered near the venue to voice their criticism of the gathering.