“From April 23 to May 12, hold as much $TRUMP as you can. Your average holdings during this period will determine your ranking,” the website advertising the dinner announces. “The more $TRUMP you hold—and the longer you hold it—the higher Your Ranking will be.”

The dinner announcement comes a week after approximately 40 million Trump meme coins were unlocked to investors. The meme coin debuted just days before Trump was sworn into office, with approximately 200 million coins made available to the public.

At its peak, the Trump coin was valued at nearly $15 billion, but it is currently valued at $2.63 billion, Bloomberg reported, citing tracker CoinMarketCap, which added that since the announcement of the special dinner, the coin’s price rallied nearly 49%. 

The meme coin serves purely for speculation on the market. Trump-affiliated companies reportedly own 80% of the meme coin, and Trump and other investors will only profit from the coins by selling them. Since Trump owns a vast majority of the coins, there is a concern that if he did sell, he would “pull the rug” on investors. However, this move appears unlikely as he seeks to build up crypto policy in the U.S.

TRUMP’S EXECUTIVE POWER STRUGGLES: WHAT’S STALLED AND WHAT’S ADVANCING

In a March executive order, Trump vowed to make the United States “the cryptocurrency capital of the world.” He created the Strategic Bitcoin Reserve to “treat bitcoin as a reserve asset.”

Trump even appointed David Sacks, a billionaire who made his fortune from investing in internet technology firms, to be the nation’s first-ever “crypto czar.” He also appointed several pro-crypto officials to his administration, including Securities and Exchange Commission Chairman Paul Atkins, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent.