The TRUMP meme coin dinner competition is over, and the top 220 winners will receive further information. Participants and winners will receive NFTs, but the announcement also alluded to the “Next Era for TRUMP.”
Accusations of corruption and political misconduct have surrounded the event, but market enthusiasm has driven the meme coin to gain nearly 50% over the past month. Participants have already received a direct financial incentive not to begin dumping TRUMP tokens.
TRUMP Holders Brace for a Dinner With the US President
Three weeks ago, President Trump announced that the largest holders of his eponymous meme coin would be eligible for an exclusive Gala Dinner, sparking a huge frenzy.
Earlier today, an official social media account declared the contest over, as the dinner will take place in 10 days. This announcement contained several pieces of useful information:
Specifically, some of the community’s predictions turned out to be accurate. Long before President Trump got interested in crypto, he issued several NFTs.
The Gala Dinner will offer NFTs to all participants in the TRUMP contest, alongside several NFT-themed rewards. All participants on the leaderboard will receive an NFT regardless of ranking, and the top 220 winners will receive more of them.
Any participant who does not sell TRUMP between today and the dinner will receive a limited edition “Diamond Hand” NFT based on Solana’s blockchain.
It’s clear that the President’s meme coin team is trying to financially incentivize users to wait until May 22 to sell the token. President Trump has already been accused of corruption in the dinner competition and could be risking a lawsuit.
Private firms bought TRUMP to potentially win political benefits, and rumors surround the top holders.
If participants wanted to sell TRUMP now that the contest is over, they have an explicit reason to hold their assets until after the dinner. The account also teased some future developments for TRUMP, suggesting that they’ll have reason to keep holding it afterward:
“But that’s not it…the beginning of the Trump REWARDS POINTS PROGRAM for TRUMP starts NOW! Connect your wallet to start earning points for what’s to come. DIAMOND HAND Holders will also give you more TRUMP REWARDS POINTS! The Next Era of TRUMP will be announced at the dinner! See you there,” the competition’s managers claimed.
In a mid-February interview, LIBRA promoter Hayden Davis alleged that attendees of a previous dinner received an insider trading opportunity to buy TRUMP early.
Whatever the Trump Rewards Points or “next era of TRUMP” might be, it could potentially resemble this incident. Further details are unclear, but a lot of things could happen at Trump’s Gala Dinner.
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