The President of the United States Donald Trump will host an exclusive dinner for the top 220 holders of the Official Trump ($TRUMP) memecoin next month. According to the announcement, President Trump will host a crypto dinner in Washington D.C. on May 22, 2025.
To select the lucky few, a real-time leaderboard was unveiled on Wednesday, where users can register and compete for the top 220 positions. Furthermore, the $TRUMP leaderboard will end by May 12, with the top 25 holders earning a VIP reception with the president and a special tour of the White House.
“This is 100% real. Details about the $TRUMP Gala Dinner will be posted on the official $TRUMP website and shared across all verified $TRUMP social media channels,” the announcement noted.
Following the announcement of the Trump Gala dinner, on-chain data showed a sharp uptick in whale activity seeking to accumulate the TRUMP memecoin. For instance, Lookonchain spotted a whale investor who spent $5 million to purchase 407,467 TRUMP tokens at about $12.27.
However, some investors sold their TRUMP tokens before the announcement, thus missing out on the palpable gains.
Nevertheless, the FOMO triggered by the Trump dinner news will catalyze more bullish sentiment and attract more investors in the near term.
The $TRUMP memecoin rallied more than 70 percent in the past 24 hours to trade at about $13.65 at the time of this writing. The mid-cap Solana-based memecoin, with a fully diluted valuation of about $13.5 billion, recorded a 400 percent surge in its 24-hour average trading volume to hover around $3 billion at the time of this writing.
Following the notable TRUMP price rebound in the past two weeks, it is safe to say that the memecoin has possibly kickstarted a fresh bull rally. Moreover, the four-hour Relative Strength Index (RSI) has been forming a bullish divergence and spiked above the 70 percent level for the first time in 2025.
Additionally, the four-hour MACD indicator has already flipped bullish after multi-weeks of signaling bearish sentiment.
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