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Buyers of $TRUMP meme coin pay millions to win dinner with President Trump
- Buyers of the $TRUMP meme coin paid millions for access to an exclusive dinner with President Trump in Washington D.C. On May 22, 2025.
- This event followed Trump’s January 17, 2025 announcement of the $TRUMP meme coin three days before his inauguration, fueling fears of a quid-pro-quo and ethical concerns.
- The coin surged to $14 billion in value quickly, but lost over 80 percent later, while large investors profited millions and about 600,000 wallets suffered billions in losses.
- Senators and Democrats labeled the coin a "money-grab" and urged investigations, with legislation proposed to restrict political figures from issuing memecoins amid corruption fears.
- The controversy suggests risks of foreign influence and discreet wealth transfers benefiting Trump’s family, who have expanding crypto ventures linked to the meme coin.
75 Articles
75 Articles
Around Donald Trump, a Singular Dinner for the Biggest Buyers of His Cryptocurrency
The U.S. Senate launched an investigation into the conditions for organising a private gala, scheduled for 22 May around the U.S. president. The participants won their place in the event of a cryptoactive purchasing competition, which benefited the Trump family.
Trump Family-Linked Firms Profited $320M on Memecoin Despite 87% Decline Since Day One
Data from Chainalysis show the creators of the TRUMP token made $320 million in fees while retail investors lost money. What to know: Data from Chainalysis shows that the creators of the TRUMP token made $320 million in fees while the majority of retail investors lost money. The family’s net worth increased by $2.9 billion related to crypto with 40% of that figure held in crypto assets, according to the State Democracy Defenders Fund. There hav…
Donald Trump says he’s our ‘crypto president,’ but he’s tanking its best shot at adoption
Donald Trump said on the campaign trail ahead of his election that he intended to be the “crypto president.” But his vision and reality have collided in a way that could ultimately do more harm than good to crypto’s broader adoption in the years ahead. Last week, the U.S. Senate dealt the cryptocurrency industry a significant setback, voting to block further advancement of the GENIUS Act, a bill aimed at establishing regulatory guardrails for do…
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