With the Leaderboard Shaping Up Nicely, the Trump Meme Team Has Clarified Emerging Misconceptions About Participating in the Draws

With the leaderboard shaping up nicely, the Trump Meme team has clarified emerging misconceptions about participating in the draws.

The organizers of the Trump Meme token have clarified emerging misconceptions about participating in the draws for an event with Donald Trump.

The team took to X on Thursday to clear the air amid growing backlash from market observers. Some of them include the amount of the TRUMP token one needs to hold to participate and skepticism about token unlock.

“We’ve seen a lot of chatter and misinformation about the TRUMP token event and the dinner with Donald Trump, so we wanted to take a moment to clear up some common misconceptions,” the organizers wrote in a post.

On Wednesday, the Official Trump Meme token announced an event at the Trump National Golf Club in Washington, DC, for 220 top TRUMP holders. The event, slated for late May, will see users compete for a place in the gala dinner between April 24 and May 12, with the top 25 holders receiving extra perks.

However, the Trump Meme team has identified some misconceptions circulating on X and in the media about the event. One of them is that users must hold at least $300,000 to participate in the draws.

The organizers clarified that this was wrong, citing the current leaderboard standings. According to the tweet, the highest-ranked is an address, identified as “Sun,” which holds 1,176,803 TRUMP ($14 million). However, the 220th-ranked user on the leaderboard holds just 35.3 TRUMP ($420), suggesting that participation is open to everyone.

The organizers also noted that the speculation that #220 on the blockchain explorer is the cutoff for participation is also false. This is because the ranking includes exchanges, market makers, and people who are not necessarily participating in the event.

Additionally, the project paused its daily token unlock, which started this week, for 90 days. The extension would ensure that locked tokens remain locked throughout the dinner meeting with Donald Trump.

The Trump Meme team also pointed out that the project has been clear about the rules and that all users have an equal chance to win a place at the dinner.

"We're excited to see who will be joining us for this once-in-a-lifetime event," the organizers concluded.

The news comes as Tron founder and advisor to the Trump-inspired World Liberty Financials (WLFI), Justin Sun, seems to have joined the race to meet with the 47th US president, further adding to the frenzy.

Arkham shared that someone has registered HTX's cold wallet for the dinner, with Lookonchain suggesting it may be Sun. The wallet becomes the largest registered for the event and currently ranks as the 25th-largest holder of the TRUMP token, according to Solscan.

The top three on the leaderboard are Sun with 1.17 million TRUMP, "CASE" with 400,005 TRUMP, and "MeCo" with 665,166 TRUMP. Notably, the organizers update the table every hour.