The event, promoted by Trump himself on his Truth Social network, also offers a VIP reception reserved for the 25 largest holders of the currency.
Donald Trump Fight Cover
The 220 largest buyers of the cryptocurrency $TRUMP — actively promoted by the U.S. president — were rewarded with invitations to an exclusive dinner with Trump, scheduled for May 22 at the Trump National Golf Club in Virginia.
The event, promoted by Trump himself on his Truth Social network, also offers a VIP reception reserved for the 25 largest holders of the currency.
Dinner Invitation Trump
🎯 The meme currency ⟨c-34/⟩ was launched in January 2025 with strong promotion on social media linked to the president.
In just a few days, it reached a market capitalization of over $2 billion. However, documents reveal that most of the currency's supply is concentrated in the hands of a company associated with the Trump family and an entity called Fight Fight Fight LLC.
Dinner with Trump
The dynamics of the contest — which rewarded the biggest investors with direct access to Trump — have raised harsh criticisms from Democrats, ethics bodies, and the U.S. Securities and Exchange Commission (SEC) itself, which suspect conflicts of interest and even corruption.
📉 The currency, which was traded for around $75, has fallen to the $12 range after aggressive fluctuations. It is estimated that over 750,000 people have lost money on the asset.
Drop $trump
Still, the largest buyers spent millions of dollars to secure prominent positions on the public contest leaderboard — which, although it does not reveal names, displays pseudonyms and wallet numbers, fueling speculation about the identity and nationality of the participants.
Major Holders $Trump
A Bloomberg investigation revealed that several purchase transactions of $T⟨c-26/⟩ were conducted through foreign exchanges that do not allow American citizens to trade on their platforms.
This intensified criticism that the contest could be facilitating foreign entities' access to Trump's inner circle.
Democratic Senator Richard Blumenthal opened an ethics investigation, warning that the currency allows for the 'direct enrichment of the President by foreign governments or unscrupulous individuals, under anonymity guaranteed by blockchain.'
🏛️ The White House, through press secretary Karoline Leavitt, denied any influence of the cryptocurrency on government decisions, stating that Trump is 'complying with all conflict of interest laws.'
Even so, experts point out that the dinner constitutes a kind of auction for presidential access — an unusual practice even by American political standards.
According to the contest rules, the dinner winner can designate a substitute if they cannot attend, which further raises concerns that obscured figures with shady interests are being inserted into Trump's circle of influence.