Overview

• President Trump will host a private dinner on May 22 at his Washington golf club for the top 220 holders of his $TRUMP meme coin, with a VIP reception and White House tour for the top 25 holders.
• The announcement spurred a significant price increase for $TRUMP, with the token rising over 60% and its market cap nearing $2.5 billion.
• Eligibility for the dinner is based on average $TRUMP holdings from April 23 to May 12, with attendees required to pass background checks and meet other criteria.
• Ethics watchdogs have criticized the event as a potential pay-to-play scheme, citing concerns over conflicts of interest and the Trump Organization's 80% ownership of the token supply.
• The dinner is part of Trump's broader pro-crypto agenda, which includes appointing crypto-friendly regulators and launching ventures like World Liberty Financial.