Trump to Dine With Top Trump Memecoin Investors in Exclusive Event
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Former President Donald Trump is set to host a private dinner with the top 220 investors in his Trump-themed cryptocurrency, according to an announcement made by the token’s organizers on Wednesday.
The exclusive gathering is scheduled for May 22 at Trump National Golf Club near Washington, D.C., where the US president is expected to share his vision for the future of cryptocurrency. To secure a spot at the event, participants must register and climb a leaderboard ranking holder of the memecoin. The 25 largest holders will receive additional perks, including a pre-dinner reception with Trump and a guided tour of the White House.
“Your average $TRUMP holdings from April 23 to May 12 will determine your rank,” states the event’s promotional website. “Collect Trump Memes and move up the leaderboard.”
The event has sparked criticism from watchdog groups. Craig Holman, a lobbyist with the consumer advocacy organization Public Citizen, condemned the dinner as a pay-for-access scheme. “This is an attempt to purchase influence with the former president,” Holman said. “It contradicts the US president’s earlier claims that his wealth made him immune to political influence. We’ve never had a president so enamored with money.”
Sen. Murphy Slams Trump Memecoin as “Blatant Corruption” Amid Volatile Price Swings
Senator Chris Murphy, a Democrat from Connecticut, took to X to denounce the Trump memecoin dinner event, calling it a historic low for presidential conduct. “This isn’t just typical Trump behavior. The Trump coin scam is the most openly corrupt act ever committed by a U.S. president,” he wrote.
The memecoin launched just days before the newly elected US president inauguration but has seen a steep decline in value since then. From a peak market cap nearing $15 billion, it now stands at roughly $2.8 billion, according to CoinMarketCap.
Despite the downturn, the token experienced a sharp rebound, jumping 56% to $14.02 as of 5:25 p.m. Wednesday. The surge came as investors braced for a series of token unlocks, where large volumes of previously restricted coins are released to early backers and insiders.
Initially, 200 million coins were made available on January 17. An additional 40 million were unlocked last week. The majority of the supply—approximately 80%—is controlled by CIC Digital LLC, linked to the Trump Organization, and Fight Fight Fight LLC, according to the coin’s official website.
Trump Family Deepens Crypto Ties With Memecoins, Mining, and DeFi
The Trump family continues to broaden its involvement in the cryptocurrency space, evolving from Trump-branded nonfungible token (NFT) collections to deeper investments in memecoins, crypto mining, and decentralized finance (DeFi) ventures. Donald Trump had previously held private dinners for top buyers of his NFT series, a practice now mirrored in his memecoin promotion efforts.
The broader crypto market has witnessed a surge in memecoin activity—tokens often lack intrinsic value but are prone to sudden price spikes fueled by social media hype. These brief rallies are typically followed by sharp declines once the initial buzz fades.
