Trump Hosts Exclusive Dinner for Top Buyers of His Troubled Memecoin
President Donald Trump is set to host an exclusive dinner for the top 185 buyers of his memecoin, $TRUMP. The event, described as 'the most exclusive dinner in the world,' will take place on November 22 at an undisclosed location. According to the invitation shared on GetTrumpMemes.com, the top 29 buyers will receive a VIP reception with Trump, while the four highest donors will receive an 18-karat Trump brand gold watch.
Trump has previously faced backlash for similar events, including one held last May at the Trump National Golf Club and another in April at Mar-a-Lago. His memecoin has also taken a significant hit, with estimates suggesting that over 740,000 investors have lost money after investing in it. Despite this, some investors have reportedly profited from their investments, with crypto analytics firms estimating that 58 investors made profits above $10 million.
The dinner invitation comes as Trump's memecoin continues to struggle, having plummeted in value by 98% according to recent reports. The event has raised questions about the ethics of Trump hosting exclusive events for those who have invested in his own cryptocurrency.