TRUMP Meme Coin's $3.2 Billion Loss: President Hosts Exclusive Dinner for Top Holders

The TRUMP meme coin has taken a devastating hit, plummeting 97% from its all-time high of $73.43 in January 2025. The collapse has left investors with a staggering $3.2 billion loss, according to Public Citizen. Meanwhile, the president has earned $635 million in licensing fees from the meme coin, part of his $1.4 billion in crypto earnings disclosed for 2025.

The company behind the TRUMP token is hosting a contest to award gala seats to the top 185 holders. The top 29 holders will receive a VIP reception, and the top 4 will win an 18-karat gold watch. The contest uses a time-weighted system, favoring early buyers who hold onto the token until the event.

Public Citizen has expressed concerns that the contest amounts to an access market presented as a loyalty reward. The watchdog group warns that foreign buyers and special interests can secretly compete for presidential access, drawing renewed scrutiny from congressional Democrats.