The self-proclaimed pro-crypto and the president of the United States, Donald Trump, is now slammed with allegations of committing corruption in crypto.
According to a report from The Independent, around a 100 protesters gathered outside Trump’s golf course in Virginia, with holdings signs with different slogans.
The spot has been reporting that the cost of this dinner party is organized using $1.5 million, and the guest in the dinner was Mr. Trump with top holders in his cryptocurrency ‘ Official Trump’ which was launched after he became president for the 2nd time.
What is Trump’s high-profile dinner controversy?
Over the past few weeks the Trump dinner became the centre of the crypto market and in this frame it has been reported several times that speculative activities have been observed in the volume of Trump tokens after the announcement of dinner.
More than 200 global investors attended the event, including a crypto billionaire who was sued by the SEC, a former poker player who is now a crypto entrepreneur, and others.
However, on May 22, 2025, the protesters’ chants of “shame, shame, shame” were heard outside the venue of the dinner.
Senators Chris Murphy, Adam Schiff, and Elizabeth Warren were among the Democrats who criticized the event, with Murphy referring to it as the “most brazenly corrupt thing a President has ever done.”
They claimed that by giving affluent investors exclusive access to the president, it eroded public confidence and would have an impact on the U.S.
Why is Mr. President criticized for his crypto embrace?
As we know, Donald Trump has now served his 2nd term as President of the United States; in his election campaigns in 2024, he openly talked about crypto and argued to provide a better framework for digital assets.
It is worth noting that after he assumed office he has signed several orders to embrace crypto and has also signed orders to halt operations for CBDC.
Most recently, World Liberty Finance, owned by the Trump family has joined hands with the crypto council of Pakistan, the deal was largely criticized in global crypto market.
$TRUMP token price brief
According to data from CoinMarketCap, the Official Trump token has lost around 6.50% of its price in the past 24 hours, reaching $13.69.
Source: CoinMarketCap
A few hours after the dinner party the Trump token market capitalization fell to $2.73 billion with a loss of 5.55% and the protest is claimed to have initiated the selling sentiment which dragged the trading by 53.42% and has reached $2.73 billion.
Despite this intraday decline, the memecoin grew 6.20% in a week and grew more than 48% in the past 30 days.
Diving deep in total holders it has been noted that on May 22 TRUMP token total holders were 638,402 which fell to 638,157 which means around 245 holders have exited.
Similarly, on May 20 total number of holders was 639,590, which fell to 638,843, indicating a 432 loss of interest in this memecoin.
As per data available on Solscan(dot)io, the token transfer over the session has surged and the value is approaching a new high. The token transfer surged steadily in the past 7 days, on May 16 the transfer was under 90k, but by May 22 this number had grown to 200k .
Crypto market price updates
When writing, the crypto market was at $3.58 trillion with a slight surge of 0.57%, yet the fear and greed index continues to move towards greed and has reached 76.
Bitcoin has been constantly sitting on $110k and most recently it marked a new all time high just below $112k, with changing market sentiment, experts sees BTC to $125k in coming sessions.
