Trump's Exclusive Dinner for Memecoin Holders Sparks Corruption Allegations
President Donald Trump is hosting an exclusive dinner for top holders of his TRUMP memecoin on November 22 in Washington, D.C. The event will reward those who have held onto the token since its launch in 2025, with VIP access and even a gold watch up for grabs.
The dinner is sparking criticism from Democrats and watchdog groups, who claim that Trump's actions amount to selling access to the presidency. With over $4.7 billion lost by buyers combined, concerns are rising about regulatory, reputational, and investor risk for crypto adoption and DeFi credibility.
Trump has earned a significant $635 million from his TRUMP coin since its launch, while holders have seen their investments dwindle. The token's value is based on holdings from September 30 to November 12, with the top 185 holders receiving an invitation to the dinner and the top 29 getting VIP access.
The four top VIP holders will receive a 18-karat gold Trump watch as a reward for their loyalty.