17:05 ▪
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min read ▪ by
Memecoin associated with Donald Trump is once again attracting the attention of the crypto market. The US President plans to hold an exclusive event reserved for $TRUMP token holders. This initiative again illustrates how some crypto projects use private events to mobilize their communities. In the context of political memecoins gaining visibility, this announcement comes as the token experiences a new phase of activity in the markets.
In short
- US President Donald Trump is preparing an exclusive event at Mar-a-Lago reserved for major $TRUMP memecoin holders.
- The announcement of this meeting caused the $TRUMP token to spike by over 10% before being pulled down.
- This initiative illustrates the strategy of some political tokens that use private events to mobilize their crypto community.
Trump Memes announces an exclusive promotion for $TRUMP holders
First, Get Trump Memes has announced a new event dedicated to $TRUMP memecoin holders. Billed as a “once in a lifetime” experience, the event is set to bring together 18 of the world’s most influential figures, although no guest names have yet been released.
Also on the program is a gala lunch accompanied by a speech by President Trump. On the project’s official website, the description remains deliberately brief. One can read: “One day. One room, the world’s most influential people.”
Additionally, the top 29 $TRUMP token holders will have access to an exclusive VIP reception in the presence of the President and 18 special guests. However, the organization says no private gatherings or gift giving will be allowed during the event.
Finally, attendees will have to go through security checks and background checks before they can attend the festivities. The terms and conditions posted on the site also specify that participation will not be allowed for nationals of KYC-supervised countries or representatives of foreign governments.
The $TRUMP token will react shortly after the Mar-a-Lago event is announced
The announcement of this event also triggered a rapid movement in the market. The $TRUMP cryptocurrency, developed on the Solana blockchain, rose more than 10% in an hour on Thursday before giving back some of that gain.
The increase came after Trump Memes announced in a post on
Recently, $TRUMP was trading around $2.92, up 0.1% in the last 24 hours. Despite this occasional bounce, the price remains about 96% below its all-time high.
However, on Thursday, the token peaked at $3.08, a five-day high. However, this rise did not last long and illustrated the usual volatility of memecoins.
Additionally, this event is the second initiative of its kind for $TRUMP holders. Invitations should go to the top 297 holders identified based on a time-weighted points system. This selection will take into account positions held between March 12th and April 10th.
During the first dinner organized by the project team, VIP attendees held chips worth an average of about $4.8 million to secure their seats. However, since this period, the value of the $TRUMP token has seen a significant decline in the market.
Political memecoins between community strategy and exclusive events
The organization of this event shows how some crypto projects are trying to strengthen their community engagement by offering benefits related to holding tokens. In this context, the $TRUMP memecoin also illustrates the sensitivity of political tokens to public announcements that can quickly affect their market activity. As the meeting at Mar-a-Lago approaches, the development of the project and the token will likely continue to be watched by investors and the cryptoecosystem.
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Journalist and web editor passionate about the world of cryptocurrencies and Web3 technologies. I focus on the latest trends and news in order to offer high quality content to a wide audience in the industry.
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Before making any investment decision, do your own research.
