Trump Hosts Exclusive Dinner for TRUMP Meme Coin Holders Amid $3.2 Billion Loss
The TRUMP meme coin has suffered a devastating 97% collapse from its all-time high of $73.43, resulting in a staggering $3.2 billion loss for investors. In a bizarre move, Donald Trump is hosting an exclusive dinner for the top 185 holders of the coin, with the top 29 receiving a VIP reception and the top 4 winning an 18-karat gold watch.
The contest, which favors early buyers who hold onto the token, is set to take place on November 22 at a Trump-branded property in Washington. The event has raised concerns among watchdog groups, who warn that foreign buyers and special interests can secretly compete for presidential access, potentially compromising national security.
According to Public Citizen, the contest is essentially an access market presented as a loyalty reward, with time weighting and screening rules that keep buyers holding and favor bigger positions. Critics argue that this setup amounts to a sales mechanism built around access to the president.
Trump's company has reportedly earned $635 million in licensing fees from the meme coin, part of a total of $1.4 billion in crypto earnings disclosed for 2025.