$TRUMP memecoin plans third gala for top holders as token sits 97% below peak

The official $TRUMP memecoin is throwing another party. The project’s third exclusive gala for top holders is set for November 22, 2026, at Trump National Golf Club near Washington, D.C.

Donald Trump is billed as the main speaker. The token, meanwhile, is trading roughly 97% below its peak, which makes the guest list less a victory lap and more a very expensive RSVP.

The Washington Post reported the plans and noted that Trump’s virtual asset ventures have upset some crypto investors.

How to get a seat at the table

The project is run by Fight Fight Fight LLC, and admission works like a loyalty program with very high stakes. Only the top 185 holders on a time-weighted leaderboard will be invited.

The leaderboard doesn’t simply reward whoever holds the biggest bag on one day. It tracks holdings from September 30 through a snapshot period ending November 12.

The rewards are tiered. The top 29 holders get a VIP reception. The top four walk away with 18-karat gold Trump watches.

Every attendee gets a gift bag of sorts. It includes a Trump-branded fragrance, commemorative posters, and trading cards.

Trump won’t be the only name on the program. The project says three unnamed “legends” will also appear.

The price chart tells a rougher story

$TRUMP launched in January 2025 and initially rocketed to around $74. It now trades in a range of $2.04 to $2.07.

That’s a 97% decline from the peak. The gala announcement did spark a price jump of about 10%.

The losses are spread wide. Around 1 million wallets have seen combined losses estimated between $3.2 billion and $3.81 billion.

Ownership is also concentrated. Insiders control about 80% of the token’s supply, a level that has fueled concerns about potential market manipulation.

Many of the top wallets belong to users linked to offshore exchanges, raising questions about how much of the leaderboard is dominated by foreign holders.

A pattern of dinners and dumps

This is not the project’s first event. In May 2025, it hosted a dinner for the top 220 holders.

In April 2026, it held a conference at Mar-a-Lago for approximately 297 top participants. The November gala is smaller, with 185 slots.

Previous events generated significant trading volume as buyers chased leaderboard spots, often followed by immediate sell-offs once invitations went out.

Lawmakers have scrutinized the project over foreign investor influence, and the offshore-linked wallets near the top of the rankings continue to draw that attention.

What this means for holders and the broader market

The leaderboard rewards duration as well as size, so late buyers face a disadvantage against holders who have been accumulating since September 30.

With insiders holding about 80% of supply, the market’s direction may depend heavily on what a small number of wallets decide to do.

The dates worth watching are November 12, when the snapshot window closes, and November 22, when the gala takes place.