Official Trump, a memecoin linked to Donald Trump, saw a small price rebound after the project announced a new event for its largest token holders.
The team behind the token said on Thursday that the top holders will have a chance to attend a luncheon with Trump at his Mar-a-Lago estate on April 25.
According to the announcement, the invitation is open to the top 297 holders of the token based on time-weighted holdings between March 12 and April 10. Participants will also need to pass a background check.
Top holders invited to exclusive event
The memecoin’s website lists Trump as the keynote speaker at the event. However, a White House official told Politico that the luncheon has not been confirmed on Trump’s official schedule.
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The same date also coincides with the White House Correspondents’ Dinner, which Trump has said he plans to attend.
The top 29 holders of the TRUMP token will also qualify for a smaller private reception with the president.
Token price rises slightly after announcement
Following the announcement, the TRUMP token rose from its all-time low of about $2.73 earlier in the day to around $3.06, according to CoinGecko.
Despite the brief increase, the token remains far below its peak price of $73.43 reached in January 2025.
The upcoming luncheon would be the second event organized for TRUMP token holders. The first gathering took place at a Trump golf club in May and drew criticism from some observers who argued the event blurred the line between political influence and personal financial gain.
Among the attendees at the earlier event was Justin Sun, founder of Tron, who reportedly attended as one of the largest token holders.
The event also attracted protests outside the venue, with demonstrators criticizing the concept of exclusive gatherings linked to token ownership.
