PepeX gains as US senator slams Trump’s memecoin “dinner”

President Donald Trump’s memecoin dinner for top holders of Official Trump (TRUMP) has sparked political backlash.

Amid wild market movements for TRUMP, a Georgia senator has labeled the invitation an impeachable offense. Meanwhile, a shift in sentiment sees investors turn to PepeX, a project looking to revolutionize the memecoin space.

Georgia senator slams Trump’s memecoin dinner

It’s an impeachable offense, US Senator Jon Ossoff from Georgia said.

Ossoff said this as he publicly criticized President Donald Trump’s reported gala dinner for top 220 investors of his $TRUMP memecoin.

The lawmaker criticized the move as “selling access,” noting that the event set for May 22 could be grounds for impeachment proceedings against the president. This is the latest controversy around the TRUMP token, which launched in January 2025 amid market euphoria on Trump’s election win and inauguration.

Critics point to TRUMP soaring amid the dinner news as a scenario that will only enrich these few whales and insiders. The criticism, which has come from other congressional lawmakers and the crypto circle as well, see the president’s involvement as a conflict of interest and a dangerous precedent.

Notably, the token’s creators hold 80% of supply.

Memecoin investors buy PepeX

While analysts suggest TRUMP memecoin could be worth watching, investors keen on other opportunities are flocking to PepeX.

The AI-powered memecoin launchpad, which seeks to challenge Pump.fun and others in the market, has raised over $1.6 million in its presale.

PepeX, targeted for multi chain use, eyes a user-friendly platform for memecoins creation. Its main selling point is it’s focus on community rather than token creators and a few top whales.

The platform’s AI-powered technology provides a fair token distribution. It caps creators at 5% of supply while allocating 95% to the public.