Trump's Meme Coin Investors Lose Billions as He Invites Them to Exclusive Dinner
The company behind the OFFICIAL TRUMP (CRYPTO:TRUMP) meme coin is hosting an exclusive dinner for its largest holders, following a significant token crash that has left investors with losses of $3.2 billion.
The contest, which covers the top 185 holders, will award seats at the gala dinner to be held on November 22 in Washington. The top 29 holders will receive a VIP reception, while the top four will receive an 18-karat trademarked gold watch.
The time-weighted contest favors early buyers who hold onto their tokens until the event. The largest account holds $104 million of TRUMP, which has seen a 97.18% collapse alongside a recent rebound.
Public Citizen estimates that investors in the meme coin are $3.2 billion underwater, with the president earning $635 million in licensing fees from the token. This is part of his total crypto earnings of $1.4 billion disclosed for 2025.