TRUMP Meme Coin Surges 15% As Organizers Clarify Participation Rules For Gala Dinner

The team behind the Official Trump TRUMP/USD meme coin has updated its terms and conditions to clarify that President Donald Trump may not attend the upcoming $TRUMP Gala Dinner, which is scheduled for May 22, at the Trump National Golf Club in Washington D.C.

What Happened: According to a legal disclaimer published on the project's website and dated April 23, organizers reserve the right to cancel or reschedule the event at their discretion. The notice states:

"President Trump may not be able to attend the $TRUMP Gala Dinner, and the $TRUMP Gala Dinner may be cancelled for any reason (including, but not limited to, a force majeure event)."

In such cases, the event may be rescheduled, or qualified token holders will instead receive a limited-edition TRUMP NFT.

The update comes amid heightened interest in the competition, which promises dinner with Trump for the top 220 holders of the $TRUMP meme coin.

The TrumpMeme team also took to X (formerly Twitter) to directly address what it called "confusion" over the eligibility criteria.

A number of users had speculated that a minimum of $300,000 worth of tokens was required to qualify for the event.

The team denied those claims, writing:

"You need $300K+ to participate (You Don't)… People have been incorrectly quoting #220 on the block explorer as the cutoff. That's wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating."

They emphasized that the actual eligibility is based on a leaderboard that tracks time-weighted holdings of $TRUMP during the competition period.

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As of the latest available data, the 220th qualifying wallet holds just 35.3 TRUMP tokens, worth approximately $420.

The TrumpMeme team added that participation in the competition requires explicit registration on the leaderboard and that the token unlocks initially scheduled during this period will be extended by 90 days to ensure fairness.

"The field is wide open and it's anyone's opportunity to have Dinner with President Trump!" the project stated in its tweet.

No additional details were provided regarding the final list of attendees, the registration cutoff, or whether a new date or location might be announced.

The team concluded its post by teasing that more competition-related updates would be announced in the coming days.

Price Action: TRUMP is up 15% in the last 24 hours and 83% over the past week.

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