Donald Trump is set to be the keynote speaker at an event in Florida for prominent memecoin holders, which has hit an all-time low.
US President Donald Trump’s memecoin saw a slight rebound from its all-time low after the team behind the token said its main holders will be given access to the president at another exclusive event.
Trump’s official team (TRUMP) announced to X on Thursday that a lunch with Trump at his residence at Mar-a-Lago in Florida on April 25 is for the top 297 token holders.
The memecoin website announces Trump as the keynote speaker for the event; However, a White House official told Politico that the event is not locked into Trump’s schedule and will take place on the same day Trump said he would attend the White House Correspondents’ Dinner.
Eligibility for this event is limited to the top 297 holders based on time-weighted holdings from March 12th to April 10th. Participants must also pass a background check. The top 29 holders will also qualify for a private reception with Trump.
This is the second event for TRUMP sign holders, the first being held at Trump’s golf club in May, which drew concern from critics who accused Trump of using his position as president for personal financial gain.
TRUMP pulled out of the gala proposal
According to CoinGecko, the TRUMP token hit $3.06 on the news on Thursday, up from a low of 2.73 hours earlier.
TRUMP is up 2.4% in the last 24 hours to $2.94, but is down 96% from its January 2025 record high of $73.43.
At the first event for TRUMP token holders last year, Tron founder Justin Sun was the largest token holder, reportedly enough to earn a watch that was presented to him at the ceremony.
related to: The US Senate has voted to include a CBDC ban in a bipartisan housing bill
Infinex founder Kane Warwick also attended the event after accumulating enough TRUMP to crack the top 25 investors on the leaderboard.
Former U.S. senators and staffers protested outside the event, and Bloomberg reported that protesters chanted “Shame on you!” and “I hope you’re hitting dinner!” in the audience.
Magazine: All 21 million bitcoins from quantum computers are at risk
