Bill Zanker, a longtime associate of President Donald Trump, announced the launch of a Trump Coin Club that will provide top holders of the president's meme coin with access to exclusive events. The first event will take place next month at the FIFA World Cup finals, offering the top 19 token holders a complimentary three-day luxury experience culminating in a private suite viewing of the final match at MetLife Stadium in New Jersey. Zanker stated the initiative aims to reward the coin's best holders and will feature similar gatherings at least once a quarter. The announcement comes as the Trump meme coin's price has declined over 97% from its peak last January, dropping from a fully diluted valuation of nearly $75 billion to roughly $2 billion.
Top 19 Holders Receive World Cup Finals VIP Access
The first Trump Coin Club event will provide the top 19 holders of Trump's meme coin with a three-day luxury experience at the FIFA World Cup finals. Perks include accommodation at the St. Regis New York, a gala dinner, VIP access to a nightclub, and a private suite viewing of the World Cup final match at MetLife Stadium. Zanker told Decrypt that FIFA president Gianni Infantino was not involved in securing the Level 3 suite for the event. While President Trump is widely expected to attend the World Cup Final, he is not set to meet with meme coin holders at the event, though Zanker noted attendees will undergo Secret Service security checks.
Eligibility Requirements Include KYC Verification
Zanker stated the top 19 meme coin holders eligible to attend next month's World Cup trip can come from anywhere, with the exclusion of OFAC-sanctioned countries like Iran and North Korea. All winners will undergo know-your-customer verification. Prior private meetings between Trump and his meme coin holders have attracted criticism in Washington from lawmakers who argue the president should disclose who attends such events and what happens during them. At April's Mar-a-Lago meme coin gala, the president discussed topics including the Iran war with an audience featuring many foreign token holders, attendees said.
Zanker Plans Quarterly Events for Token Holders
Following the World Cup event, Zanker said he plans to host similar gatherings at least once a quarter for top holders of Trump's meme coin, which will also center around big international events. Zanker, a longtime entrepreneur who previously ran the president's branded NFT, shoe, and watch endeavors, deflected when asked if the Trump Coin Club aimed to boost the meme coin's price. He stated he wants people staying with the coin and expressed confidence that Trump's token will continue to stand apart from other crypto offerings in the long-term, saying "We're not a cartoon. We're the biggest brand on Earth."
Token Valuation Drops to $2 Billion
The Trump meme coin's price is down over 97% since its peak last January. The token, which boasted a fully diluted valuation of nearly $75 billion on the eve of the president's second inauguration, is now worth roughly $2 billion. Zanker acknowledged that the token's power comes from the endorsement of the world's most powerful political leader but pushed back on the notion that the president needs to become more personally involved with the project after he leaves office. "We're not thinking about that right now," Zanker said. "He's the president of the United States. He's busy."
FAQ
What is the Trump Coin Club announced by Bill Zanker?
The Trump Coin Club is a program announced by Bill Zanker that provides top holders of President Trump's meme coin with access to exclusive events. The first event will take place next month at the FIFA World Cup finals, offering the top 19 token holders a three-day luxury experience including accommodation at the St. Regis New York, a gala dinner, VIP nightclub access, and a private suite viewing of the final match at MetLife Stadium in New Jersey.
How much has the Trump meme coin's price declined since its peak?
The Trump meme coin's price is down over 97% since its peak last January. The token's fully diluted valuation dropped from nearly $75 billion on the eve of the president's second inauguration to roughly $2 billion at the time of the announcement.
