Trump Plans Private Dinner for Largest Buyers of $TRUMP Crypto
President Trump Unveils Controversial $TRUMP Crypto Dinner for Largest Buyers
In one of the most ethically questionable financial moves by a U.S. president in modern history, President Donald Trump launched his own cryptocurrency just before taking office in January. While his $TRUMP memecoin has faded from the spotlight amid his numerous other controversial actions, that could change next month. The president is planning a private dinner for the largest buyers of $TRUMP.
First reported by Bloomberg News, the dinner will be an exclusive event for the top 220 $TRUMP holders. However, the top 25 will enjoy special privileges, including a private reception and a “Special VIP” tour of the White House. The website advertising the event includes a disclaimer stating, “This Tour is being arranged by Fight Fight Fight LLC,” a company linked to one of Trump’s associates, Bill Zanker, founder of The Learning Annex.
The website further clarifies that Trump will appear at the dinner as a guest, not soliciting funds directly—another apparent attempt to shield him from scrutiny. Despite this, it’s clear that Trump is deeply involved, with the event scheduled for May 22 at Trump National Golf Club in Washington, D.C. Those hoping to attend must first register on the “leaderboard,” a ranking based on how much $TRUMP a person holds between April 23 and May 12. The longer and more $TRUMP tokens they hold, the higher their rank.
While the website contains amateurish and bizarre images of Trump, it’s clear that the event is designed to reward crypto holders in a highly public manner. While many see this as corrupt, it remains unclear if any legal action can be taken to stop it. Strangely enough, the public nature of these actions may work to Trump’s advantage, as he has often weathered scandals that were exposed behind closed doors but seen as less concerning when laid bare for the public. For instance, recent revelations about Defense Secretary Pete Hegseth and National Security Advisor Mike Waltz sharing sensitive military information privately sparked more outrage than when Trump himself openly ignored lawful directives.
Trump has always been skeptical of cryptocurrency, but many thought he might take a friendly stance toward it once in office. Instead, his crypto ventures have been met with mixed reactions. The launch of his own $TRUMP coin left many in the crypto community disappointed, especially those who had hoped he would back established coins like Bitcoin and Ethereum. His appointment of David Sacks as a “crypto czar” also garnered mixed reviews. Trump’s administration’s plan to hold onto seized cryptocurrency instead of selling it could artificially inflate prices, though this was a departure from his earlier skepticism of crypto.
On the plus side, his administration announced that the Department of Justice would scale back enforcement of crypto-related crimes, creating what some crypto enthusiasts are calling a “Golden Age” for crypto scams.
After news of the private dinner broke, the price of $TRUMP surged by 60%, currently sitting around $14. When the cryptocurrency launched just before Trump’s inauguration on January 20, it reached a high of over $75, but its value has steadily declined over the past few months. This drop is largely attributed to the fact that Trump-affiliated businesses, including the Trump Organization and Fight Fight Fight LLC, own around 80% of the $TRUMP coins. These coins were unlocked last week, causing further volatility in the market.
