The much-anticipated crypto dinner hosted by Donald Trump for the top 220 holders of the TRUMP token is just days away — and controversy continues to grow. While loyal supporters view the event as a token of appreciation, critics are raising serious concerns about ethics and influence.
🔹 Blockchain Elite at the Dinner Table
Trump confirmed that the exclusive dinner will take place on May 22, with invitations going out to the top 220 wallets holding the TRUMP memecoin. While the intention is said to be gratitude toward supporters, the surrounding atmosphere is far from celebratory.
Trump, however, stands firmly by his decision, stating:
“I’m not profiting from anything. I started this long before the election. I want crypto.”
🔹 Criticism from All Sides
Watchdog group Accountable.US warned that the event may set a "dangerous precedent," possibly allowing wealthy — potentially foreign — investors to buy proximity to power.
Senator Elizabeth Warren has again voiced concerns over Trump’s growing involvement in financial ventures, particularly in the crypto space:
“All SEC decisions related to Trump’s financial interests and Trump Media & Technology Group must be safeguarded from undue political interference.”
🔹 Market Reaction: Cold Front Ahead
Unlike previous Trump-related crypto announcements that triggered sharp price surges, this time the market appears to be cooling. The TRUMP token is currently down 3.76% to $10.69, despite the media buzz surrounding the upcoming dinner.
Memecoins as a whole have taken a hit, with total sector capitalization falling to $55.2 billion. The broader crypto market is also down 0.86%, now sitting at $2.93 trillion.
Earlier this year, the TRUMP token surged from $11.07 to $13.60 following major announcements, driven by whale accumulation. But that momentum now appears to be fading.
🔹 What’s the Real Motive?
While supporters hail the dinner as a symbolic merger of crypto and politics, critics suggest it’s more about monetizing the Trump brand. Either way, Trump’s growing crypto footprint is shaking both markets and political arenas.
📌 Summary:
🔹 Trump’s May 22 dinner targets the top 220 TRUMP token holders.
🔹 Critics warn of a potential “pay-for-access” model via crypto.
🔹 TRUMP token and memecoin markets are cooling off.
🔹 Pressure mounts for regulatory scrutiny over Trump-linked crypto ventures.
#TRUMP , #TrumpCrypto , #CryptoNewss , #CryptoInvesting , #memecoin
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
