President Donald Trump will host the top 220 owners of his memecoin at his private golf club in the nation’s capital.
Trump, who launched his own memecoin called $TRUMP, days before his inauguration in January, will host a gala on May 22 at the Trump National Golf Club in Washington, D.C., for the “top 220 average $TRUMP holders” over a designated period, according to the project’s website.
Holders are encouraged to “hold as much $TRUMP as you can” from April 23 to May 12, which will determine the ranking.
“The more $TRUMP you hold — and the longer you hold it — the higher Your Ranking will be,” according to the site, which also posted a leaderboard on Wednesday.
The White House did not immediately respond to a request for comment.
Since Trump took office on Jan. 20, he has taken a friendlier approach to crypto, tapping agency chairs that are viewed as open to the industry and recently hosting a crypto summit.
Trump launched a $TRUMP memecoin in late January, with his wife, Melania Trump, following suit with one of her own. At the time, $TRUMP garnered some criticism from crypto insiders who said it “distracts from the greater good,” given crypto’s reputational risk.
Of the 220 going to the gala, the top 15 $TRUMP holders are invited to an “exclusive reception before dinner with your favorite president,” and will also get a “VIP White House Tour,” according to the website.
The price of $TRUMP ballooned to close to $14 on Wednesday, up from closer to $9 earlier in the day, according to The Block’s price data.
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