Overview
- The memecoin’s event page announced Thursday that the top 185 TRUMP holders will be invited to a Nov. 22 gala at Trump National and that leaderboard scoring runs from Sept. 30 through Nov. 12.
- Prizes are tiered: the top 29 receive VIP reception access, the top four get 18K Trump‑branded gold watches, and the page explicitly says no private meet‑and‑greet with the president will be granted.
- The token has collapsed from its January 2025 peak near $70–$74 to trade around $2, producing watchdog estimates of billions in investor losses while Trump’s disclosures show about $635 million from licensing the coin.
- Senators and ethics groups have renewed questions about conflicts of interest and pay‑for‑access, with letters requesting SEC information or investigation and no public enforcement action announced so far.
- Organizers use a time‑weighted leaderboard and large insider holdings to concentrate gains among early holders, a structure that watchdogs say drives sales toward wealthy buyers and raises vetting and corruption concerns that could prompt further oversight.