On May 22, 2025, Donald Trump held a closed dinner at his golf club in Virginia for 220 of the largest holders of the meme coin $TRUMP . The event caused a wide resonance in the crypto community and politics.
📌 Key points of the dinner
Guest list: Among the invitees was Chinese crypto billionaire Justin Sun, founder of the Tron blockchain and the largest holder of $TRUMP. He also invested $75 million in the Trump-related crypto company World Liberty Financial.
Cost of participation: According to media reports, the average investment amount to receive an invitation was about $1.7 million. Some guests spent up to $10 million to attend the dinner and VIP meeting with Trump.
Trump's speech: The President stated that the U.S. would become the 'world's cryptocurrency capital' and emphasized the importance of the crypto industry for the future of the economy.
Protests and criticism: The dinner was accompanied by protests and accusations of corruption. Senator Elizabeth Warren called the event a 'corruption orgy,' pointing to potential conflicts of interest and the influence of foreign investors.
Financial results: Despite some investors making a profit, the analysis showed that about 43% of guests incurred losses totaling $8.95 million since the token launch in January.
📊 Market impact
After the announcement of the dinner, the price of $TRUMP rose by almost 60% in a day. However, at the time of the event, the token was trading 68% below its peak value.
📌 Conclusion
The dinner with Trump highlighted the growing influence of cryptocurrencies in politics and sparked discussions about the ethical aspects of public officials' involvement in such initiatives. While the event drew attention to $TRUMP , it also raised questions about transparency and potential conflicts of interest.
