Trump's Second Memecoin Dinner: No Price Jump This Time

Donald Trump is inviting the largest holders of his memecoin to dinner for a second time. On Sunday, November 22, 2026, the 185 wallets with the largest time-weighted TRUMP balance are to dine at his Trump National Washington D.C. golf club, according to the event page of the official TRUMP Coin Club. The scoring period runs from September 30 to November 12. After the announcement of the first dinner in spring 2025, the price shot up by roughly half in a single day. This time there is no sign of that: TRUMP traded at $1.89, or 1.68 euros, overnight into Sunday, around 7 percent below its level at the start of the scoring period.

What the Trump dinner on November 22 offers

The terms are set out on the Coin Club page, and they are drawn more tightly than the first time around. The 185 best-placed holders get a seat at the table. The top 29 are additionally invited to a VIP reception with the president and one of three announced but still unnamed celebrities, and they sit at the front during the meal. The top four receive a watch made of 18-carat gold. A one-to-one conversation is explicitly ruled out: “There will be no private meetings with The President”, the page states.

The ranking is based on the balance held at the cut-off on November 12 at 1 p.m. local time on the US East Coast, which is 7 p.m. in Germany. Anyone who drops below that balance afterwards stays invited to the dinner but can lose the VIP benefits. Anyone who sells all their coins falls out of every ranking. Invitations are not transferable, the organiser reserves the right to verify identities, and the gifts go only to guests who actually travel.

Dinner is served at the Trump National Golf Club Washington D.C., which despite the name does not sit in the capital but in Virginia, on the bank of the Potomac. The first dinner was held there in May 2025 as well. Back then there were 220 seats, and the scoring period ran for just under three weeks.

Why the TRUMP price does not jump this time

The April 2025 announcement landed on a coin that was still trading at around $9. Within hours it stood above $14, as heise online among others reported. Today that effect is missing. On September 30, TRUMP cost $2.03 according to CoinGecko, and $2.05 the following day. It has lost almost 8 percent since then. Over the past seven days alone the coin shed 7.4 percent, about as much as Ethereum and slightly less than Solana.

The gap to the record is vast. The all-time high came on January 19, 2025, the day before Trump's inauguration, at $73.43. That leaves 97.4 percent of the value gone. TRUMP hit its low so far on August 13, 2026 at $1.37 and has recovered by around 38 percent since. It still trades below its 50-day average of $2.00 and well below its 200-day average of $2.46. The downtrend, in other words, is intact.

One reason for the restraint lies in the supply figures. Of one billion TRUMP, only around 282 million are in circulation according to CoinGecko, or 28 percent. The rest sits with the companies behind the project and is released on a schedule. Every release is potential supply for sale, and a dinner does not change that. The market capitalisation stands at roughly $531 million, enough for rank 114 among cryptocurrencies.

How the ranking counts, and the handicap facing latecomers

The ranking measures the average balance across the whole period rather than the position on a single day. Holding for longer ranks you higher. That has a simple consequence for anyone still thinking of buying in: September 30 to November 12 is 43 days, and from this Sunday only 32 remain. A purchase made today reaches barely three quarters of the average that an equally large balance held since day one achieves. To overtake an early holder, a latecomer therefore needs considerably more coins.

Only wallets registered with the Coin Club count towards the scoring. Registration runs through an email address and a connected Solana wallet, and the dinner requires a separate sign-up, including for existing members. Coins sitting in an exchange account do not appear in the ranking. Participants in the previous event in Singapore can also receive a 10 percent bonus on their points once its result is final.

What investors in Germany should check before buying TRUMP

Whether a seat at the table is worth it is a matter of taste. Whether the purchase adds up can be checked. Four points belong before any order.

The real address. TRUMP is a token on Solana. The official contract carries the address 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN, which is also how CoinGecko lists it. Imitators with similar names keep circulating around Trump. If you buy through a decentralised exchange, compare the address character by character.

Your own wallet. For the ranking, the coins have to sit in a self-custodied Solana wallet connected to the Coin Club. Our comparison of software wallets shows which programs qualify and how they differ on fees and security. If you only want to hold TRUMP as a price position, buy on an exchange licensed under MiCA; the comparison of crypto exchanges gives an overview.

The tax. Buying now and selling after the dinner keeps you well inside the one-year holding period under section 23 of the German Income Tax Act. A gain is then taxed at your personal rate once all private disposal gains for the year reach the 1,000-euro threshold. A loss can be offset within that period against other gains of the same kind. We summarised where the holding period stands politically after the vote in the Bundestag.

The risk. A memecoin has no earnings and no dividend; its price rests on attention. At the first dinner the attention arrived, and the price still fell afterwards. If you want to play, commit only money whose loss you can absorb. Our assessment of the memecoin rally covers what matters with memecoins more broadly.

What can still happen before the November 12 cut-off

A good four weeks remain until the cut-off, and the Federal Reserve's next rate decision at the end of October falls within that window. If the broader market drops, experience says a small coin such as TRUMP is dragged down harder. The dinners are also politically contested: critics speak of paid access to the president, as ABC News reports. The organiser expressly reserves the right to change, postpone or cancel the event. Anyone buying TRUMP in order to sit in Virginia on November 22 is therefore betting on two things at once: on a place among the 185 largest holders, and on the coin not losing further value before then.