- Trump held a private dinner event for $TRUMP coin investors.
- VIPs’ token holdings decreased sharply after the event.
- Accusations of “pay for play” and market impact ensued.
On May 22, 2025, President Donald Trump hosted a dinner for $TRUMP coin holders at his Virginia golf club. The dinner’s exclusive access for $TRUMP holders raises concerns over crypto influence in politics.
According to on-chain data by Solscan, most $TRUMP coin holders who attended the VIP dinner no longer have tokens in their wallets. The dinner was held at the Trump National Golf Club, with key investors and top 220 $TRUMP holders in attendance. The headline-grabbing event was organized as a private meeting rather than an official ceremony with White House access the next day, blending private fundraising with governmental nuances. President Trump criticized previous administrations’ cryptocurrency policies during his speech and remarked, “There is a lot of common sense in crypto,” during the private gala and reaffirmed his commitment to advancing the digital assets space.
Trump’s Crypto Dinner Sparks Political and Market Shifts
After the event, attendees moved most of their $TRUMP tokens to centralized exchanges, a trend that might signify a strategic move to realize profits from their investment. While the average holding fell from $4.78 million to $2.11 million, market liquidity was likely affected by the significant asset shift, reflecting considerable market volatility.
The event sparked political debate, with Senator Jeff Merkley labeling it the “crypto corruption club” due to ethical concerns regarding financial influence on political activities. Investors including Justin Sun, who still holds 1.4 million $TRUMP tokens, expressed enthusiasm for combining political engagement and crypto discussions.
Dinner’s Fallout: 56% Drop in $TRUMP Holdings Among VIPs
Did you know? In this unprecedented fundraiser, post-event wallet outflows led to a 56% drop in average $TRUMP holdings among VIPs, significantly affecting market dynamics and political discourse surrounding cryptocurrency’s role in governance.
As reported by CoinMarketCap, the OFFICIAL TRUMP coin (TRUMP) is priced at $12.82, with a market cap of $2.56 billion. It experienced a 6.17% decline over the past 24 hours and an increase of 2.81% over the last week. Circulating supply stands at 199,999,380 TRUMP coins.
Coincu research analysts suggest that the unique interplay between digital assets and politics at this level could reshape regulatory landscapes moving forward. The spotlight on $TRUMP tokens demonstrates the growing significance of cryptocurrency in political fundraising, potentially prompting new regulatory scrutiny.
Source: https://coincu.com/339410-trump-meme-coin-dinner-golf-club/