Winners of the "TRUMP contest" will be checked before dinner with Trump

The TRUMP team - associated with the meme coin linked to Donald Trump - has announced the completion of a contest for token holders. To confirm their participation, they will need to undergo a background check.

The First $TRUMP Competition is officially over! Details and what's next for $TRUMP Below:

If you were in the top 220 on the leaderboard, check the email you signed up with for details on the Dinner with President Trump as soon as possible. There will be background checks that…

— TrumpMeme (@GetTrumpMemes) May 12, 2025

220 winners who ranked at the top will receive an invitation to a private dinner with the president.

"If you are in the top 220, check the email provided during registration. Access to the event will only be granted after all verifications are completed," the organizers reported.

The dinner will take place at Trump's golf club in Washington on May 22.

Holders who maintain their positions in the ranking and do not sell their tokens will additionally receive a limited edition NFT Trump Diamond Hand on Solana.

“A very rare specimen,” representatives of the project emphasized.

According to Reuters, participants in the competition spent $148 million on purchasing TRUMP. According to Chainalysis, 58 wallets earned more than $10 million, while 764,000 investors were at a loss, CNBC reports.

At the time of writing, TRUMP is trading at $12.72 (-10% for the day), according to CoinGecko. The price has increased by 16.3% over the week.

The U.S. Senate Committee on Investigations will examine Trump's crypto initiatives for potential conflicts of interest.

20 senators from the Democratic Party of the USA introduced a bill prohibiting the president, vice president, members of Congress, and their families from issuing or advertising cryptocurrencies.