Trump's Meme Coin Collapse Leaves Investors $3.2 Billion Underwater

The TRUMP meme coin has been a rollercoaster ride for investors, plummeting 97% from its $73 all-time high to its current price of $2.07. According to estimates, investors are $3.2 billion underwater in the token, with a total loss of $4.7 billion across all of President Trump's crypto ventures. 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.

As the token's largest holders compete for a spot at an exclusive dinner hosted by President Trump, critics are sounding the alarm. Zach Everson, research director at Public Citizen, warns that foreign buyers and special interests can secretly compete for presidential access, drawing renewed scrutiny from congressional Democrats.

The top 29 holders of the TRUMP meme coin will receive a VIP reception, while the top 4 will be awarded an 18-karat gold watch. The dinner will be held at a Trump-branded property in Washington on November 22, and the contest will favor early buyers who hold the token until the event.