VIP Cutoff for Trump’s Mar-a-Lago Meme Coin Falls 90%
VIP cutoff for Trump Mar-a-Lago TRUMP event fell about 90% to roughly $300,000 as the Solana token traded near $2.79, about 96% below its all-time high.
Organizers set VIP status for a luncheon and conference at Mar-a-Lago on April 25 based on a leaderboard tied to time-weighted TRUMP holdings from March 12 to April 14. The top 29 registered holders earned VIP access, which includes a private ‘meet and learn’ with guests such as Tether CTO Paolo Ardoino, retired boxer Mike Tyson and Ark Invest’s Cathie Wood.
Last year’s VIP cutoff required millions in TRUMP tokens. The average requirement for the initial gala was about $4.78 million and the lowest VIP at that snapshot held nearly $3 million. This year multiple addresses qualified with token balances valued near $300,000.
On-chain records show some VIP qualifiers held far smaller balances than top holders did last year. One Solana address ranked 12th never held more than 114,212 TRUMP during the snapshot, peaking at roughly $473,000 on March 15 when TRUMP traded at $4.14; that holding is now worth about $318,000. Another account transferred in about 102,000 TRUMP on March 12 and made no further moves; those tokens are now valued near $283,000 and ranked 17th.
Justin Sun, founder of Tron, is the top holder on the current leaderboard with about 3.3 million TRUMP tokens, worth roughly $9.3 million at current prices, down from about $19 million at last year’s snapshot. He confirmed his participation in last year’s gala and tweeted last year that he was ‘honored to support @POTUS.’
The leaderboard awarded points for time-weighted holdings and granted 10 points for each $1 spent on Trump-branded merchandise during the holding period. Merchandise spending cannot be verified on-chain; organizers’ methodology allowed some smaller on-chain balances, combined with merch points, to reach VIP rank.
TRUMP has fallen sharply since its launch. The token recently traded around $2.80, down about 29% in the past month and roughly 96% below its all-time high of $73.43 reached shortly after launch. The price briefly jumped about 40% after organizers announced the latest in-person event but later retreated. By comparison, on the day of last year’s snapshot TRUMP closed near $13.08.
Event terms require attendees to pass a background check and bar residents of KYC-watchlist countries. Organizers reserve the right to cancel the luncheon and do not guarantee the president’s attendance. If Trump does not attend or the event is canceled, registered attendees will receive a Trump-themed nonfungible token.
Last year’s Mar-a-Lago dinner drew criticism from Democratic lawmakers. Senator Elizabeth Warren called the event an ‘orgy of corruption,’ asserting participants could be buying access to the president.
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