How Much Does a Meal at Trump’s Residence Cost? The TRUMP Team Clarifies That the Dinner Threshold is Extremely Low, Not Requiring $300,000!
U.S. President Trump Again Becomes the Focus of the Cryptocurrency Market
President Trump has once again captured the attention of the cryptocurrency market with his “Dinner with Trump” event, which not only caused the price of his meme coin $TRUMP to soar but also revealed the Trump family’s active involvement in the cryptocurrency sector. This move has sparked heated discussions in the market, highlighting the increasingly intertwined trends of politics, business, and the crypto world.
The Ultimate Fan Economy: TRUMP Holders Compete for Dinner Invitations
Following the launch of a special event based on the $TRUMP meme coin yesterday, Trump announced that the top 220 token holders by holding proportion would be invited to a private dinner “Dinner with Trump,” where the top 25 would enjoy VIP treatment and special arrangements.
Although the initial mention included “White House visit,” the relevant wording has since been removed from the website, with the event now set to occur at Trump’s golf club in Washington (Trump National Club). It is reported that Trump himself will personally discuss the future of cryptocurrency with attendees.
Additionally, the official website announced that the tokens unlocked during the event would be further locked for an additional 90 days, which is seen as a measure to stabilize token prices and ensure fair competition, adding credibility to the initiative.
As soon as the event was announced, the price of $TRUMP surged.
Low Threshold, Official Emphasizes “Everyone Can Participate”
In response to misconceptions about high participation thresholds, the official $TRUMP account on X clarified this morning, stating, “The actual threshold is much lower than rumored.” Currently, some people are incorrectly citing the top 220 on the blockchain explorer as the participation threshold, which is inaccurate. This ranking includes locked tokens, exchange addresses, market makers, and individuals who do not intend to participate.
They added, “You do not need to own $300,000 to participate, nor do you need to compete with numerous whales!”
The event uses “time-weighted holdings” as the basis for ranking, meaning the earlier one registers, the better their chances. Currently, the leaderboard shows that the top user holds over 1.17 million $TRUMP (approximately $14.04 million), while the 220th holder has only 58.5 tokens (around $712), indicating that everyone seems to have a chance to compete for dinner eligibility.
However, since the calculation standard is “average holding amount,” participants must hold a significant amount for a long time to guarantee eligibility, leading to increasing actual participation costs. The true price will only be confirmed after the snapshot date (May 12).
Is TRUMP a Meme Coin or a Utility Token?
According to the FAQ on the official website, the $TRUMP team has repositioned itself as a token with practical significance, rather than just a meme coin: “It now has practical value: dining with the president! There may also be guided activities!”
This dinner event has reignited discussions about the “influencer economy” and “conflict of interest”: “Why would someone be willing to spend hundreds of thousands of dollars just to have dinner with Trump?” Some believe it is for entertainment value or personal idolization, while others may see it as a deeper “political investment” motive.
Nevertheless, the event continues to attract numerous participants and investors, demonstrating the market’s interest and speculative potential in products that combine celebrity effects with financial investments.
Cryptocurrency Politicization? Business Interests Come Under Scrutiny Again
Whether supporters or skeptics, this event has successfully pushed the $TRUMP token to recent highs, prompting a reevaluation of the “utility” of cryptocurrencies. Transitioning from a meme coin to a “dinner ticket,” $TRUMP once again verifies the limitless possibilities of the crypto world and reveals its easily manipulable and exploitable characteristics.
As economist Walter Bagehot stated: “Capital will flow like water to the places that thirst for it the most and can make it grow.” Whether the crypto world is worth it? Perhaps the answer remains to be proven.
Risk Warning
Investing in cryptocurrencies carries a high level of risk, with prices that can be highly volatile, and you may lose your entire principal. Please assess risks carefully.
