Particle.news
Download on the App Store
28 ARTICLES
·
3d ago

Trump Offers Dinner and White House Tour to Top $TRUMP Memecoin Holders

The announcement of the May 22 event has driven a 70% surge in the token's value, intensifying ethical concerns over pay-to-play dynamics tied to the president's cryptocurrency venture.

President Donald Trump speaks with reporters at the White House, Wednesday,
Image
U.S. President Donald Trump holds a signed executive order on cryptocurrencies, in the Oval Office of the White House, in Washington, U.S., January 23, 2025. REUTERS/Kevin Lamarque/File Photo

Overview

  • President Trump will host a private dinner at Trump National Golf Club for the top 220 holders of his $TRUMP memecoin, with a VIP reception and White House tour for the top 25 holders.
  • The dinner, scheduled for May 22, is being promoted as an exclusive opportunity to discuss the future of cryptocurrency with Trump, according to the token's website.
  • The announcement spurred a sharp rally in $TRUMP's price, with the token surging as much as 70% before settling at a 43% gain on the day.
  • Ethics watchdogs have criticized the event as a blatant pay-to-play scheme, highlighting concerns over conflicts of interest and presidential profiteering.
  • Most of the $TRUMP token supply remains locked, with another significant unlock scheduled for July, raising questions about the token's market dynamics and insider control.