🍽️ Dinner with Trump: Meme Coin Mania Hits New Highs
President Trump is turning crypto into a VIP experience! The $TRUMP meme coin surged 71% after announcing a private dinner for its top 220 holders** on May 22 at Trump’s D.C. golf club, with a VIP White House tour for the top 25 wallets .
- Why It Matters: This event has reignited speculative interest in politically themed crypto. The Solana-based $TRUMP coin, launched in January 2025, peaked at $74 before crashing 70%, but the dinner hype propelled it back to $16.17 this week .
- Risks: 80% of the supply remains locked, with gradual unlocks risking sell-offs. Insider-owned tokens (40 million) were recently released, adding volatility .
- Ethics Watch: Critics question Trump’s blending of politics and personal crypto ventures, especially as his family’s LLCs hold significant stakes .
Takeaway: A short-term pump or long-term play? The dinner could fuel FOMO, but unlocks and regulatory scrutiny loom.
