{"id":127969,"date":"2025-04-25T13:21:55","date_gmt":"2025-04-25T13:21:55","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127969"},"modified":"2025-04-25T13:21:55","modified_gmt":"2025-04-25T13:21:55","slug":"trump-memecoin-team-denies-300k-dinner-requirement-rumors","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127969","title":{"rendered":"Trump memecoin team denies $300K dinner requirement rumors"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsUS President Donald Trump\u2019s memecoin team denied social media rumors that holders of the Official Trump (TRUMP) token need at least $300,000 to participate in an upcoming dinner with the president.\u00a0<br \/>\nOn April 25, the official X account of the Trump memecoin clarified that there is no $300,000 requirement to join the memecoin project\u2019s dinner event featuring the US president.<br \/>\nThe rumor stemmed from community members citing the Solana blockchain explorer showing holders on the token\u2019s contract address. At the time of writing, the explorer shows that the 220th-largest holder has 33,114 TRUMP, worth more than $400,000. However, the memecoin team said the explorer doesn\u2019t reflect their criteria.\u00a0<br \/>\n\u201cPeople have been incorrectly quoting #220 on the block explorer as the cutoff. That\u2019s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating. Instead, you should only be going off the leaderboard,\u201d they wrote.\u00a0<br \/>\nLeaderboard for Trump Coin holders. Source: Trump CoinRelated: SEC task force met with Trump-supporting firms to discuss crypto regulation<br \/>\nTrump to hold dinner for top 220 memecoin holders<br \/>\nOn April 23, the Trump Coin team revealed the leaderboard, showing the wallet addresses of those who are in the lead to qualify for the dinner event.\u00a0<br \/>\nThe final guest list is still not finalized, but the memecoin team said any tokenholder who wants to be eligible must go through a background check. In addition, their wallet will also go through Know Your Customer and compliance measures.\u00a0<br \/>\nAccording to the memecoin\u2019s official site, the team will pick the winners based on time-weighted holdings. This calculates the amount held and the time the tokens were held. \u201cThe longer you hold, the higher your weighted score becomes,\u201d the team wrote.\u00a0<br \/>\nAt the time of writing, the top holder in the leaderboard holds over 1.1 million tokens, worth $14.6 million, but only has a time-weighted score of over 686,000. The 220th wallet holder has 1,125 TRUMP, valued at almost $15,000, and a score of 136.\u00a0<br \/>\nThe leaderboard also shows that some addresses with zero current TRUMP holdings remain eligible for the dinner. This is likely due to how long they previously held their tokens.<br \/>\nMagazine: Pok\u00e9mon on Sui rumors, Polymarket bets on Filipino Pope: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/trump-coin-dinner-300k-rumors-eligibility-memecoin?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsUS President Donald Trump\u2019s memecoin team denied social media rumors that holders of the Official Trump (TRUMP) token need at least $300,000 to participate in an upcoming dinner&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127969"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127969"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127969\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127969"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}