The team behind the TRUMP meme coin, associated with Donald Trump, has announced the conclusion of a competition for token holders. To confirm participation, they must undergo background checks.
The First $TRUMP Competition is officially over! Details and what’s next for $TRUMP Below:
If you were in the top 220 on the leaderboard, check the email you signed up with for details on the Dinner with President Trump as soon as possible. There will be background checks that…
— TrumpMeme (@GetTrumpMemes) May 12, 2025
The top 220 winners on the leaderboard will receive an invitation to a private dinner with the president.
“If you are in the top 220, check the email you registered with. Access to the event will only be granted after all checks are completed,” the organizers stated.
The dinner will take place at Trump’s golf club in Washington on May 22.
Holders who maintain their leaderboard positions and do not sell their tokens will additionally receive a limited edition Trump Diamond Hand NFT on Solana.
“A very rare item,” project representatives emphasized.
According to Reuters, participants in the competition spent $148 million on purchasing TRUMP. Chainalysis reports that 58 wallets earned over $10 million, while 764,000 investors incurred losses, writes CNBC.
At the time of writing, TRUMP is trading at $12.72 (down 10% in 24 hours), according to CoinGecko. Over the week, the price has increased by 16.3%.
The U.S. Senate Investigations Committee is set to examine Trump’s crypto initiatives for potential conflicts of interest.
Twenty Democratic senators have introduced a bill prohibiting the president, vice president, members of Congress, and their families from issuing or promoting cryptocurrencies.