On May 7, 2025, the $TRUMP meme coin, linked to President Donald Trump, continues to stir controversy as its value surges. The coin, which spiked over 50% after a promise of a gala dinner with Trump for top holders, is now under scrutiny for potential conflicts of interest. Democratic senators, including Elizabeth Warren and Adam Schiff, have called for investigations, citing the May 22 dinner event as a possible "pay-to-play" scheme. The coin’s market cap, peaking at $2.7 billion, has pulled back to $2.17 billion, with 58 wallets earning $1.1 billion in profits while 764,000 smaller holders face losses, according to Chainalysis.Critics, including watchdog group Accountable.US, label the coin a "corrupt self-enrichment scheme," as 80% of its supply is controlled by the Trump Organization. Meanwhile, a small logistics firm’s stock rallied after announcing plans to hold $TRUMP P as a treasury asset. Senate Democrats are also pushing back against crypto legislation, fearing it could benefit Trump’s ventures, including World Liberty Financial, which sends 75% of its revenue to the Trump family. Despite the backlash, the coin’s allure persists, driven by Trump’s pro-crypto stance and exclusive events.$TRUMP