On May 22, former President Donald Trump hosted an ultra-exclusive black-tie dinner at his Virginia golf club for the top 220 holders of his $TRUMP meme coin—and the top 25 even received a private reception and a White House tour invitation
Investors poured $140–148 million into the coin just to earn a seat. Average spends ranged from $0.05M to $16.4M, with the largest wallets holding over $19M each—and some entering off-shore exchanges
But the celebration didn’t pay off. Within hours, nearly half of attendees dumped their tokens, triggering an 8–16% price plunge Critics, including Senators Warren and Murphy, blasted it as a “pay-to-play scheme” and an “orgy of corruption”
TL;DR: A high-stakes crypto spectacle: wealthy elites chasing access, a flash pump in price, and heavy ethical backlash. The political and financial implications make $TRUMP a lightning rod in the crypto world.