An exclusive dinner for top TRUMP token holders has led insiders to extend their token lockup by 90 days.

This unexpected move has stirred debate in the crypto space, with many watching closely as TRUMP tokens remain locked longer than planned.

An exclusive dinner for top TRUMP token holders has led insiders to extend their token lockup by 90 days. This unexpected move has sparked discussion in the crypto sphere.

The TRUMP token’s insider lockup period will be extended by 90 days, delaying the issuance of 40 million tokens, valued at approximately $300 million, until July. Originally, insiders, including those connected to the Trump family, were set to receive these tokens this month.

However, these tokens, part of a three-year vesting plan, will remain locked. Consequently, only 20% of the total supply will be available for trading, while the remaining 80% will remain locked up.

This postponement also pushes back the complete release of tokens that were part of the initial coin offering (ICO) in December 2023.

This delay follows an invitation to the top 220 TRUMP token holders for dinner on May 12 at Trump’s Washington, D.C. club. The event, announced on Friday, is part of the TRUMP token team’s effort to engage closely with the token community.

Announced shortly after the U.S. banking crisis in March, the TRUMP token’s ICO raised $700 million. At the time, the token was priced at $18, but it dropped to $9.19 by Friday morning. However, news of the dinner and the ensuing discussion on pay-to-play techniques led to a 57% surge in the token price.

From $9.19 on Friday morning, the TRUMP token shot up to $14.51 by Friday afternoon.

The event at Trump’s club will provide an opportunity for the top token holders to engage in a discussion with members of the TRUMP token team. These individuals actively participate in the community on Telegram and other platforms.

The TRUMP token’s journey began in November 2022, when rumors of Trump’s own token swirled among cryptocurrency enthusiasts. At the time, several U.S. presidents, including Biden, were already targeted by copycat tokens.

This move comes as TRUMP tokens will remain locked for longer than planned. The TRUMP token’s insider lockup period will be extended by 90 days, delaying the issuance of 40 million tokens, valued at approximately $300 million, until July. Originally, insiders, including those connected to the Trump family, were set to receive these tokens this month.

However, these tokens, part of a three-year vesting plan, will remain locked. Consequently, only 20% of the total supply will be available for trading, while the remaining 80% will be locked up.

This postponement also pushes back the complete release of tokens that were part of the initial coin offering (ICO) in December 2023.

Announced shortly after the U.S. banking crisis in March, the TRUMP token’s ICO raised $700 million. At the time, the token was priced at $18, but it dropped to $9.19 by Friday morning.

This move has sparked discussion in the crypto sphere as insiders will now get these tokens, part of a three-year vesting plan, later than expected, and only 20% of the whole supply will be available for trading, while the remaining 80% will remain locked up.

This postponement also pushes back the complete release of tokens that were part of the initial coin offering (ICO) in December 2023.

Announced shortly after the U.S. banking crisis in March, the TRUMP token’s ICO raised $700 million. At the time, the token was priced at $18, but it dropped to $9.19 by Friday morning.

News of the event and ensuing discussion on pay-to-play techniques saw the token price increase by 57% as investors rushed to qualify for the top 220.

The event at Trump’s club will provide an opportunity for the top token holders to engage in a discussion with members of the TRUMP token team. These individuals actively participate in the community on Telegram and other platforms.

The TRUMP token’s journey began in November 2022, when rumors of Trump’s own token swirled among cryptocurrency enthusiasts. At the time, several U.S. presidents, including Biden, were already targeted by copycat tokens.

Those tokens, often launched on the Binance Smart Chain, quickly gained popularity among cryptocurrency traders. However, many of these tokens reportedly fell victim to rugpull scams shortly after their initial success.

In November 2022, rumors of Trump tokens began circulating on cryptocurrency forums. At the time, several U.S. presidents, including Biden, were already targeted by copycat tokens, which were quickly launched on the Binance