Trump's Crypto Dinner 3.0: Will Gala Event Spark Breakout for Struggling Memecoin?

President Donald Trump is set to host another crypto dinner, dubbed the Gala Dinner, on November 22nd at the Trump National Golf Club in Washington. The event promises to be the most exclusive dinner in the world, with attendees including three legends and President Trump, as well as a private meet and greet with a legend to be announced. The top 29 attendees will be VIPs, with the top 4 holders of the TRUMP memecoin expected to receive 18-karat Trump-branded gold watches. This is the third crypto dinner hosted by Trump, and it comes as the TRUMP memecoin continues to struggle within the $1.8-$2.2 price range.

The event has already faced opposition from Democrats, who slammed the previous Trump crypto dinners in April and May 2025 as an 'orgy of corruption.' The Democrats' concerns are fueled by the fact that Trump's crypto ventures made $1.4B in profits in 2025, with over half of the windfall coming from the TRUMP memecoin. However, Trump crypto investors made a massive $4.7B loss, mainly driven by TRUMP and World Liberty Financial's WLFI token.

The TRUMP memecoin has seen a significant increase in value since the start of 2026, tripling in Q3 from $1.4 to $3.6, before erasing some gains and dipping by 42% to $2.1. It has been consolidating between $1.8 and $2.2 since.