Trump's Memecoin Event Sparks Corruption Claims Amid $4.7 Billion Investor Losses
The organizers of US President Donald Trump's memecoin, Official Trump (TRUMP ($2.06 · Live)), have announced another exclusive dinner for top tokenholders on November 22.
This is the third such event, following earlier gatherings in May 2025 and April 2026 at Trump National Golf Club in Washington, DC, and Mar-a-Lago in Florida, respectively.
Eligibility will be based on a 'top 185' scoring approach, using holder metrics recorded between September 30 and November 12. The event will take place at Trump's Washington, DC golf club, with three unnamed guests joining the President.
The announcement comes after Public Citizen estimated that investors in the Trump family's crypto ventures are collectively $4.7 billion underwater since 2022, with $3.2 billion of those losses attributed to the memecoin.
TRUMP's price rose by around 9% to $2.23 immediately after the announcement, although it has since dropped back to $2.06 at the time of publication.