Trump’s latest move in the crypto world set off fireworks. A planned dinner with top holders of his TRUMP memecoin sent the token’s price soaring by over 50% in just one day. The event, set for May 22, promises dinner at Trump National Golf Club and even a White House tour for the top 25 holders. The announcement came with a flashy, AI-generated portrait of Trump and called the gathering “the most exclusive invitation in the world.”
The buzz drove the coin up to $16 before settling near $13. The crypto community lit up with speculation, and some called this the signal of a new bull market. But critics weren’t convinced. Ethics watchdogs raised red flags, saying this kind of event crosses lines between politics and profit.
Memecoin Moves: Big Trades, Bigger Risks
Despite the dinner hype, TRUMP memecoin is still down more than 80% from its all-time high of $75. Launched right before Trump’s inauguration, the coin grabbed headlines but struggled to maintain momentum. Much of the token’s supply—about 80%—is in the hands of insiders. That’s made many investors nervous, especially with large unlocks looming.
Still, trading volume tells another story. TRUMP ranks in the top 10 by volume and even outpaces major names like Chainlink and Polkadot in futures market interest. It’s also listed on top exchanges including Binance, Coinbase, and Kraken. So while it may lack utility, it has market presence. But hype alone isn’t enough to justify its $2.6 billion market cap.
Dinner Deal or Conflict of Interest?
The memecoin dinner might seem like a clever marketing move, but it’s also raising serious ethical questions. Trump’s coin is managed by two entities—one tied directly to his business empire. Critics say this blurs the line between the presidency and personal gain. Government ethics groups argue that offering access to the president through crypto holdings opens the door to influence buying.
Trump’s team denies any wrongdoing. The White House claims all assets are in a trust managed by his children. Still, the timing of the dinner, the token’s launch right before taking office, and the promotional language used have many watching closely.
The top $TRUMP Coin holders will have a private DINNER WITH PRESIDENT TRUMP on May 22nd at the BEAUTIFUL Trump National Club in Washington, D.C. It will be a night to remember! Thank You! And Have Fun!
Click Here For Details: https://t.co/Nm31BxQGx5
— TrumpMeme (@GetTrumpMemes) April 23, 2025
Memecoin Frenzy: Not the First, Won’t Be the Last
Trump isn’t new to crypto. His family is pushing multiple blockchain ventures, from a new exchange to his media group’s pivot into crypto finance. He’s openly said he wants to be the “crypto president” and has already taken steps to roll back regulations on the industry.
This aggressive move into memecoins is just one piece of a broader strategy. And it’s not unique. Shiba Inu and Dogecoin built billion-dollar valuations with no real utility, powered purely by community and hype. In that sense, TRUMP fits right in—except this time, the token has a U.S. president behind it.
Can the Trump Memecoin Price Surge Last?
Right now, all eyes are on May 22. If the dinner happens and delivers on its promises, TRUMP memecoin could ride another wave of attention. But fundamentals still matter. The lack of transparency, the high concentration of ownership, and the uncertain utility all weigh against long-term value.
Crypto loves a good story, and Trump is giving it one. But price surges built on hype often crash just as fast. For now, the memecoin market has a new king—but how long he reigns is anyone’s guess.
