#DinnerWithTrump ✨
With the spread of news about the dinner invitation on social media, the price of the "meme coin" rose by more than 60%, indicating that investors were rushing to gather enough coins to qualify for a seat at the dinner.
Corey Fryer, who oversaw cryptocurrency policy at the Securities and Exchange Commission during the Biden administration, said: "This is unbelievable." They are openly stating a pay-for-play deal.
A commercial entity linked to Trump holds a large share of the coins, meaning the president personally benefits every time the price rises, at least theoretically. Trump and his business partners also collect fees when trading the coins, which is an unexpected profit of nearly $100 million in the weeks following the coin's launch in January
