‘Dinner With Trump’ Draws $148M in Memecoin Money, Foreign Whales Included

Key Takeaways

• The $TRUMP team hasn’t shared the list of attendees of the dinner with U.S. President Donald Trump.
• Top 25 holders got a private reception and special VIP tour in D.C.
• The Trump Organization reportedly controls 80% of the token supply.

Donald Trump just added $700 million in market cap to his official memecoin, with nothing more than a dinner invite.

The $TRUMP token surged over 50% after organizers announced that top holders would score an exclusive seat at a private dinner with the former President on May 22.

The event, held at Trump National Golf Club in Virginia, drew crypto whales from around the world, many of whom were based outside the U.S.

Attending Dinner With Trump

The exclusive gala at Trump National Golf Club near Washington, D.C., was open only to top buyers of Donald Trump’s $TRUMP memecoin.

One high-profile attendee was Justin Sun, the Chinese-born crypto billionaire who confirmed his presence on social media.

Sun has reportedly invested over $22 million in the $TRUMP token and another $75 million into the Trump family’s crypto venture, World Liberty Financial.

U.S. regulators recently paused civil fraud charges against him.

According to Bloomberg , most top $TRUMP holders used offshore exchanges. Only six of the top 25 wallets were based in the United States.

In total, buyers spent around $148 million on the memecoin to secure a seat at the table, with the top 25 investors alone responsible for over $111 million of that amount, per crypto analytics firm Inca Digital.

The scale and opacity of the event have raised bipartisan concerns. Senator Chris Murphy called it “a real problem,” while even pro-crypto Republican Senator Cynthia Lummis said it gave her “pause.”

Despite pressure for transparency—including from the Wall Street Journal editorial board, Trump has yet to release a full guest list.

Invite List Rewarded Heavily

The top 220 participants on the leaderboard were invited to attend an exclusive dinner with President Trump.

As a gesture of appreciation for the Trump Meme community, all leaderboard participants received a special TRUMP NFT , while the top 220 were awarded an additional exclusive NFT following the gala dinner.

An extra reward was also offered to those who held onto their $TRUMP tokens at the same level as those recorded on the final leaderboard during the event.

These holders received an ultra-rare Trump Diamond Hand Solana NFT, which unlocks bonus Trump Rewards Points.

The dinner marked the official launch of the Trump Rewards Program, allowing users to earn points by connecting their crypto wallets.

$TRUMP Team Clarifies “Dinner With Trump” Competition Rules

As interest builds around the “Dinner with President Trump” competition, the $TRUMP team has issued clarifications to clear up some confusion that’s been circulating online and in the media.

• Users don’t need $300,000 to participate.
• No tokens are being unlocked specifically for this competition

Some users had pointed to wallet #220 on the block explorer as the supposed cutoff for qualifying.

However, according to the $TRUMP team, that’s inaccurate; it includes locked tokens, market maker allocations, and exchange wallets. The correct source of truth is the official leaderboard.

At the time of writing, the top spot was held by “Sun” with 1.17 million $TRUMP tokens (around $14 million), while user “HAR” sat at #220 with just 35.3 $TRUMP—roughly $420.

The leaderboard is based on a time-weighted average of wallet holdings during the competition period.

Additionally, tokens from the initial unlock and the next three months of daily vesting will remain locked for 90 days each, well beyond the competition’s end.

Dinner at Trump’s Club, Tour of D.C.

The campaign was promoted as “the most EXCLUSIVE INVITATION in the World,” offering access to an intimate, black-tie-optional dinner at Trump’s Virginia golf club.

According to the coin’s site, the guest list will be pulled from the top 220 wallets holding $TRUMP between April 23 and May 12.

The top 25 wallets also get invites to a private reception and a high-level tour in D.C.

The original wording teased a “White House Tour,” but that phrasing has since disappeared from the site, replaced with the more vague “Special VIP Tour.”

The promo ended with a bold call to action: “Let the President know how many $TRUMP coins YOU own!”

Top $TRUMP Holders

Here’s where things get murky. Only 20% of the token’s supply is actually in circulation.

The rest, a whopping 80%, is tied up in wallets reportedly controlled by the Trump Organization or its affiliates, locked in a vesting schedule that begins unlocking soon.

That means most of the token’s supply is off-limits to everyday buyers, at least for now, and it also means a select few could profit handsomely if the rally continues.

According to the leaderboard , a user named “CASE” is currently at the top with over 400,000 $TRUMP tokens.

Others in the lead include users going by “EV,” “MTGA,” “UKR,” and “Abc.”

Trump’s personal stash remains unlisted, but his financial disclosures suggest he holds tens of millions worth.

A Rally Without a Roadmap

Launched in January before the inauguration, $TRUMP briefly hit a $15 billion valuation, driven by Trump’s endorsements on Truth Social and X.

It quickly crashed but remains a symbol of the administration’s crypto embrace. First Lady Melania Trump’s token, $MELANIA, also saw a short-lived $2 billion peak.

Even with the hype, the $TRUMP token still has no clear product, no technical roadmap, and no utility outside of speculative trading and promotional events like this one.

But in a market where memes move millions, a dinner with Trump is apparently worth nearly a billion in market cap, for now.