Trump Plans Exclusive Dinner for Top Holders of His Memecoin

President Donald Trump is set to host a private dinner for the top 220 holders of his Trump-themed memecoin, organizers announced Wednesday. The event will take place on May 22 at Trump National Golf Club near Washington, D.C., and will include a discussion on the future of cryptocurrency.

Participants must register, and their eligibility will be determined based on their average $TRUMP token balance between April 23 and May 12. The top 25 holders will also be invited to a pre-dinner reception and receive a White House tour.

The announcement sparked criticism from consumer advocacy groups and political figures. Craig Holman, a lobbyist for Public Citizen, called the event “a blatant purchase of influence,” arguing that it contradicts Trump’s past claims that his wealth made him immune to outside pressure. Senator Chris Murphy of Connecticut also denounced the initiative, describing it on social media as “the most brazenly corrupt thing a president has ever done.”

The Trump memecoin, which launched just days before Trump’s inauguration, has seen a dramatic drop in value—from a peak of nearly $15 billion to around $2.8 billion, according to CoinMarketCap. Despite the decline, the coin rallied by 56% on Wednesday following the dinner announcement.

Ownership of the coin remains heavily concentrated, with CIC Digital LLC and Fight Fight Fight LLC—entities linked to the Trump Organization—holding about 80% of the tokens subject to an unlocking schedule.

This event marks the latest in a series of Trump’s ventures into crypto, building on earlier efforts such as Trump-themed NFT collections and initiatives in decentralized finance. The broader crypto market, meanwhile, continues to see a flood of memecoin launches, many of which experience rapid rises and equally sharp collapses.

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