In a bold fusion of politics and crypto, U.S. President Donald Trump will host a private dinner for the top 220 holders of his official TRUMP memecoin on May 22 at his Washington, D.C. golf club.
Announced on April 23 via the $TRUMP token's official website, the event requires attendees to pass a background check and meet specific eligibility criteria, including not being from a KYC watchlist country. No additional guests will be allowed.
The news triggered a 52% price surge in the TRUMP token, jumping from $9.30 to $14.20. Although the coin's market cap soared to nearly $15 billion shortly after its January 17 launch, it dropped by over 50% within days. The project team controls 80% of the supply, and the identities of major holders remain largely unknown.
Critics, including lawmakers, have raised concerns about transparency and national security, warning that foreign entities could funnel funds to the president through token purchases without proper oversight.
This isn't Trump’s first crypto engagement — he’s issued NFTs, accepted crypto donations, and embraced Web3 themes despite his prior skepticism of Bitcoin. The TRUMP dinner echoes a similar event in 2024 where NFT buyers joined him at Mar-a-Lago.
As Trump intertwines crypto into his political brand, the dinner could mark a historic — and controversial — milestone for blockchain’s role in U.S. politics.
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