The team behind the Trump memecoin has announced that holders of at least $420 worth of TRUMP tokens can enter a contest for a dinner with Donald Trump at his private club in Washington, D.C. This marketing strategy has caused the value of TRUMP to surge by 70% this week, trading at around $12. The announcement clarifies that only the top 220 holders qualify, countering rumors that a six-figure balance was necessary. While the top wallet holds over 1.1 million TRUMP tokens, the 220th position requires just 35.3 tokens to qualify. Furthermore, concerns about upcoming token unlocks affecting the competition were addressed; the team confirmed that these tokens will remain inaccessible for 90 days to ensure fairness and stability during the contest. This promotional event emphasizes engagement from smaller investors rather than exclusive participation from large holders, aiming to foster greater community involvement.

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