Trump to Host Third Meme Coin Dinner for Top TRUMP Holders
What happened: President Donald Trump will host a gala dinner for the top 185 TRUMP meme coin holders on November 22 at Trump National near Washington, D.
What happened: President Donald Trump will host a gala dinner for the top 185 TRUMP meme coin holders on November 22 at Trump National near Washington, D.C. The top 29 holders will receive a special reception, and the top four will be awarded 18-karat gold Trump watches. The TRUMP token, now trading at ~$2.04 with a $576 million market cap, is down about 97% from its January 2025 peak, with cumulative holder losses estimated at $3.81 billion.
Why it matters: The event, which explicitly denies private meet-and-greet access to Trump, appears designed to preempt ethics concerns that previously stalled the Clarity Act in the Senate. Despite disclaimers, critics argue the leaderboard mechanic still monetizes proximity to a former president. The TRUMP token's sharp decline also highlights the volatility and risks of meme coin investing, even when tied to high-profile figures.
Source: Decrypt