Beware of the Dinner

The announcement by U.S. President Donald Trump regarding an exclusive dinner for holders of his digital currency $TRUMP has sparked widespread controversy in political and economic circles, leading to a sharp increase in the currency's value and generating legal and ethical criticisms.

Rise in Currency Value

On April 23, 2025, Trump announced the organization of a special dinner at his club in Washington, D.C. on May 22, dedicated to the top 220 holders of the $TRUMP currency, with VIP reception for the top 25 investors. This announcement led to a nearly 70% increase in the currency's value, reaching $14.7, with a trading volume increase of 200%, surpassing a market capitalization of $2.8 billion.

Legal and Ethical Criticisms

The event drew criticism from members of both the Republican and Democratic parties, with some expressing concerns that the dinner could be a means to sell access to the president in exchange for investments in a digital currency controlled by Trump and his family at a rate of 80%. Democratic Senator Jon Ossoff accused Trump of engaging in "illegal behavior" that could rise to the level of "an impeachable offense," arguing that the event represents the sale of political access for personal financial gain.

Impact on the Cryptocurrency Market

The announcement stimulated meme coin markets in general, with currencies like TRX, PEOPLE, and MELANIA rising between 29% and 35%, fueled by the political excitement surrounding Trump.