Trump Hosts Third Exclusive Memecoin Event Amid $4.7 Billion Loss Claims
US President Donald Trump will host his third closed-door gathering for top TRUMP memecoin holders at his Washington, DC golf club on November 22. The event is part of a recurring tokenholder-event model that has been criticized for raising pay-to-play and ethics concerns.
The dinner announcement comes after Public Citizen estimated in August that investors in the Trump family's crypto activity are collectively $4.7 billion underwater since 2022, with $3.2 billion of those losses attributed specifically to the TRUMP memecoin.
According to GetTrumpMemes, the website promoting the Official Trump memecoin, eligibility for the event will be determined by holder metrics recorded between September 30 and November 12, with only the top 185 holders invited. The three guests attending alongside Trump remain unnamed.
The announcement has sparked renewed scrutiny of the ethics surrounding Trump's crypto ventures, with critics arguing that the events amount to 'pay-to-play access' if attendees are essentially buying the chance to seek policy or enforcement preferences from the president.