Justin Sun (TRX Founder) Emerges as Frontrunner to Win Official Trump (TRUMP) Dinner Event

The time-weighted average (TAVG) for TRUMP has reached 1,318,479, placing an entity linked to Tron (TRX) founder Justin Sun at the forefront of the TRUMP token holders.

According to data from Tokenpocket, an entity linked to Sun’s email address is currently leading the TRUMP token TAVG with 1,430,044 tokens.

Following closely is McCo with 1,390,000 tokens and a TAVG of 1,265,840, while CASE is in third place with 500,004 tokens and a TAVG of 422,575.598.

Other notable contenders in the top 10 include GAnt (500,034 TRUMP), REKT (443,686 TRUMP), and Woo (1,000,001 TRUMP), SKY (290,000 TRUMP), TONI (285,876 TRUMP), Ivo (422,088 TRUMP), and Niu (309,029 TRUMP).

The cutoff date for participation in the gala dinner with President Donald Trump is May 12, with the event set for May 22.

Out of the top 220 investors, 25 will also gain access to a private VIP reception and an exclusive tour.

The April 23 to May 12 time-weighted average will determine the rankings, rewarding long-term commitment over short-term buying sprees.

The formula for calculating TAVG is the average daily balance multiplied by the number of days the tokens are held in the wallet.

The formula is: TAVG = ∑(daily average balance x days of holding). For instance, if an investor maintains an average daily balance of 10,000 TRUMP for 10 days, the TAVG will be 100,000.

Meanwhile, demand for the meme coin, launched by President Trump on January 17, has surged in the lead-up to the cutoff date.

The cryptocurrency has seen extreme volatility, with the dinner announcement fueling a wave of capital inflows. As a result, investors have experienced both sharp gains and losses in their pursuit of a seat at the table.

According to data from Tokenpocket, the price of TRUMP is currently at $13.93.

Furthermore, Finbold reported that on May 10, a wallet linked to the TRUMP team deposited tokens worth over $52.66 million to major exchanges, likely to meet surging liquidity demand.