TRUMP Meme Coin team refutes rumors of a "300,000 USD dinner participation threshold."
ChainCatcher news, according to Cointelegraph, the Meme coin team of U.S. President Trump has denied rumors circulating on social media that official TRUMP token holders need at least $300,000 to attend an upcoming dinner with Trump.The rumor originated from community members citing information from the Solana blockchain explorer that displayed the token contract address holders. As of the time of writing, the explorer shows that the 220th holder possesses 33,114 TRUMP tokens, valued at over $400,000. However, the Meme coin team stated that the explorer does not reflect their standards.The team wrote in a statement: "People mistakenly took the data of the 220th holder on the blockchain explorer as a qualification line, which is inaccurate. This data includes locked tokens, exchange holdings, market maker holdings, and holdings of users who did not participate in the activity. Actual participation eligibility should be based on the official leaderboard."According to information from the Meme coin official website, the team will select winners based on "time-weighted holdings," a metric that takes into account both the number of tokens held and the duration of holding.Additionally, Trump's Meme coin team clarified that the rumor about "unlocking a large number of tokens" for this competition is also untrue. They stated that currently, user "Sun" is in the lead with 1,176,803 TRUMP (worth about $14 million), while the user in 220th place, "HAR," holds only 35.3 TRUMP (worth about $420).