Official Announcement: Tokens Will Not Be Unlocked During the Event - Why Isn't the Price of TRUMP Coins Rising?
TradingKey - The official TRUMP Meme coin announced that there will be no token unlocks during the event. However, they did not address the market's main concerns. As a result, the price of TRUMP remains stagnant.
On April 25, the TRUMP Meme coin team took to social media to address growing confusion around the recently announced Trump dinner event. They clarified that the entry requirement is not over $300,000 and emphasised that tokens will not be unlocked for sale during the event.
Despite the clarification, the price of TRUMP did not experience a notable rebound, remaining around $12 and continuing to fluctuate. The day before, the team had unveiled the plans for a dinner with President Trump, inviting the first 220 TRUMP holders to attend. The announcement triggered a 58% price surge, pushing the token close to $14.
TRUMP Price Trend Chart, Source: CoinMarketCap.
Although the team reassured holders that no token unlocks would occur during the dinner, one clause in the announcement raised concern. It stated, "Trump may not attend, and the dinner may be canceled. If so, eligible invitees will receive a limited edition NFT as compensation."
This disclaimer significantly dampened investor enthusiasm to climb the rankings, yet it remains unchanged as of now.
Terms of the Trump Dinner, Source: gettrumpmemes.com.
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