Overview

• Donald Trump’s $TRUMP cryptocurrency saw a 60% value increase, raising its circulating market cap to $2.7 billion after a gala dinner promotion.
• The top 220 $TRUMP holders are invited to a May 22 private dinner with Trump, with the top 25 receiving a VIP reception and a tour of Trump National Golf Club.
• Critics, including ethics watchdog Tony Carrk, have labeled the promotion a potential misuse of presidential power and a gateway to bribery.
• The White House denies conflicts of interest, stating Trump’s assets are managed in a trust by his children, while some experts warn of public trust erosion.
• The $TRUMP coin, launched earlier this year, is largely controlled by Trump-linked firms, CIC Digital and Fight Fight Fight, which hold 80% of its supply.