Trump's second meme coin dinner: prices did not soar this time

特朗普再次邀请持有其Meme代币者共进晚餐，但市场反应冷淡

唐纳德·特朗普（Donald Trump）第二次向持有量最大的其Meme代币投资者发出晚宴邀请。根据官方TRUMP Coin Club的活动页面信息，2026年11月22日（星期日），持有时间加权TRUMP余额最高的前185个钱包地址将受邀前往他在华盛顿特区的特朗普国家高尔夫俱乐部用餐。此次排名统计期为9月30日至11月12日。

回顾去年春季首次宣布晚宴活动时的情况，该代币价格在单日之内飙升了约一半。然而，此次并未出现类似的市场狂热迹象：截至周日凌晨，TRUMP交易价格为1.89美元（约合1.68欧元），较统计期开始时的水平下跌了约7%。

11月22日晚宴的具体安排

活动条款在Coin Club页面上有详细说明，且比第一次更为严格。排名前185位的持有者可获得餐桌席位。其中，前29名持有者还将受邀参加与总统及三位已公布但尚未透露姓名的名人举行的VIP招待会，并在用餐时坐在前排。排名前四的持有者将获得一块由18K金制成的手表。

主办方明确指出：“不会与总统进行私人会面。”

The ranking is based on the balance of open positions as of 1 pm EST on November 12 (7 pm German time). After that, users with balances below this level may still be invited to dinner parties, but may lose their VIP rights. If users sell all tokens, they will be dropped from all rankings. The invitation letter is non-transferable, the organizer reserves the right to identity verification, and gifts will only be issued to actual guests present.

Venue: Washington, D.C. branch of Trump National Golf Club on the Potomac River, Virginia. (Note: Although the name includes "Washington, D.C.", the club is actually located in Virginia. Photo source: Duane Lempke, CC0)

The dinner will be held at the above golf club, which is the same venue as the first dinner in May 2025. There were 220 seats at that time, and the statistical period was less than three weeks.

Why the price of TRUMP has not increased significantly this time

When the announcement was released in April 2025, the price of the token was approximately US$9. According to multiple reports, the price exceeded US$14 within a few hours. This time the effect is missing. According to CoinGecko data, TRUMP prices were $2.03 on September 30 and $2.05 the next day. Prices have since fallen by almost 8%. In the past seven days alone, the token has dropped 7.4%, on par with Ethereum and slightly lower than Solana.

Since autumn 2025, TRUMP has lost most of its value and prices are currently below two moving averages. Data source: CoinMarketCap, calculated by yourself.

Compared with historical highs, the gap is still huge. TRUMP's all-time high occurred on January 19, 2025 (the day before Trump took office), reaching $73.43. This means that current prices have fallen 97.4% from their highs. The previous low price of the token was US$1.37 on August 13, 2026, and has since rebounded by approximately 38%. Still, its price is still below its 50-day moving average of $200 and well below its 200-day moving average of $2.46. The downward trend remains intact.

One of the reasons for the restrained market response is supply data. According to CoinGecko, of a total of 1 billion TRUMPs, only about 282 million (28%) are in circulation. The rest is held by the company behind the project and is gradually released as planned. Every release means potential selling pressure, and dinner parties cannot change this fundamental. Its current market value is approximately US$531 million, ranking 114th in the cryptocurrency market.

Ranking mechanism and disadvantage for late entrants

Ranking measures the average balance for the entire period, rather than the position held on a given day. The longer you hold it, the higher the ranking. This has a direct consequence for users considering buying now: a total of 43 days from September 30 to November 12, with only 32 days left from this Sunday. The average balance of funds bought today is only about three-quarters of the average value obtained from the first day of holding positions of the same size. As a result, late entrants need to hold significantly more tokens to outperform early holders.

Only wallets registered with Coin Club are counted in the ranking. Registration must be done via email and associated Solana wallet, and dinner registration must be done separately (including existing members). Tokens placed in exchange accounts are not counted in rankings. Participants who have participated in activities in Singapore before will receive a 10% point reward after the results are finalized.

What German investors should check before purchasing TRUMP

Whether it is worth competing for a table seat varies from person to person, but whether the purchase decision is reasonable can be evaluated. Before placing any order, please pay attention to the following four points:

1. The real contract address
TRUMP is a token on the Solana chain. The official contract address is 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN , which is also the address listed by CoinGecko. There are many counterfeit tokens with similar names on the market. If you buy through a decentralized exchange, be sure to compare the addresses character by character.

2. Own Wallet
In order to participate in rankings, tokens must be stored in a self-hosted Solana wallet connected to Coin Club. Our comparison article on software wallets shows which programs meet the requirements and how they differ in terms of cost and security. If you only want to hold TRUMP as a price speculative position, it is recommended to buy it on an exchange with a MiCA license; our Crypto Exchange Comparison article provides an overview.

3. Tax Impact
如果在晚宴后不久卖出，您将完全符合德国《所得税法》第23条规定的持有一年以上的免税条件。一旦当年的个人处置收益总额达到1,000欧元的门槛，收益将按照您的个人所得税率征税。在此期间发生的亏损可以抵消其他同类收益。我们在联邦议院投票后的总结文章中详细说明了持有期的相关政策。

4. 风险意识
Meme代币没有盈利，也没有股息；其价格建立在关注度之上。在第一次晚宴期间，关注度确实带来了价格上涨，但随后价格依然下跌。如果您选择参与，请仅投入您能够承受损失的资金。我们对Meme代币热潮的评估文章涵盖了更广泛的Meme代币注意事项。

11月12日截止日前可能发生的情况

距离截止日期还有四周多的时间，美联储将于10月底进行下一次利率决议，这正处于统计期内。如果大盘下跌，经验表明像TRUMP这样的小盘币会被拖累得更厉害。此外，这些晚宴也存在政治争议：正如ABC新闻报道的那样，批评人士称这是付费获取接触总统的机会。主办方明确保留更改、推迟或取消活动的权利。

As a result, people who buy TRUMP in order to gain a seat in Virginia on November 22 are actually betting on two things at the same time: to enter the top 185 holders and to ensure that the value of the token does not fall further before then.