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Another Trump Meme Coin Contest Promises an ‘Exclusive’ Dinner with the President

The invitation offers a VIP reception for the top 29 buyers and gold watches for the four highest donors, while investors have lost billions.

  • On Thursday, President Donald Trump announced plans to host an exclusive dinner for the 185 largest purchasers of his memecoin, $TRUMP, at his golf club in Sterling, Virginia, on November 22.
  • Trading around $2.04 on October 1, the $TRUMP token sits roughly 97% below its peak, while contest rules require holders to maintain their token balance to secure invitations.
  • Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal raised ethics concerns, arguing that linking token purchases to presidential access creates potential conflicts of interest.
  • Public Citizen estimates investors have lost an estimated $4.7 billion through cryptocurrency products, while reports indicate Trump has pocketed $635 million from the venture.
  • Past events in Virginia and Mar-a-Lago established a pattern of exclusive galas for top donors, which previously faced backlash regarding transparency and the sale of presidential access.
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Cryptocurrency News | Cryptocurrency Prices | Market Cap broke the news on Thursday, October 1, 2026.
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