- Trump will host an exclusive dinner for top Trump memecoin holders on May 22.
- Trump memecoin value surged 49% after announcing a private dinner event.
- The top 25 Trump memecoin holders will also receive a White House tour.
The top 220 holders of the Trump memecoin will be invited to a private dinner with President Donald Trump at his exclusive Washington, D.C., golf club. The gathering planned by President Trump will discuss cryptocurrency developments while meeting his most dedicated digital asset backers.
To participate, potential attendees must register, with selection based on their average $TRUMP token balance from April 23 to May 12. The top 25 holders will also be invited to a special reception and a tour of the White House before the dinner. The organizers have emphasized that only those who pass a background check will be eligible.
Furthermore, participants must not come from countries listed on the Know Your Customer (KYC) watchlist. This stringent vetting process highlights the sensitivity surrounding the event, given the controversy surrounding the memecoin and its ties to the Trump Organization.
Memecoin’s Market Surge and Controversies
The Trump memecoin was launched on January 17, just before Donald Trump’s inauguration. The Trump memecoin experienced a strong price fluctuation following its debut. After an initial rise in value, the coin’s market capitalisation reached $15 billion but it has since fallen to the current level of $2.63 billion. Despite its fall from grace, the token recently saw a notable 49% rally within a single day, fueled by the announcement of the upcoming dinner.

The memecoin project has faced challenging times during its existence, which have attracted diverse viewpoints, including both positive and negative reactions. Various stakeholders in the cryptocurrency question how transparent donations remain through this coin channel and what concerning possibilities exist for undisclosed contributions by foreign officials or organizations to the U.S. president.
Companies affiliated with the Trump Organization, CIC Digital LLC, and Fight Fight Fight LLC hold approximately 80% of the total ‘Trump Memecoin.’ Critics express concerns that the Trump memecoin’s handling may endanger national security based on the unidentified ownership status of its largest holders.
Trump’s Expanding Crypto Involvement
The Trump Organization has been diversifying its entry into cryptocurrency including the release of Trump-themed non-fungible tokens (NFTs) and most recently entering the memecoin market. Trump has shifted his previous digital currency opposition to support the cryptocurrency world through continued interaction with the crypto community. Trump accepts cryptocurrency donations and has organized NFT-themed events, including an earlier similar dinner for NFT buyers in Florida
The Trump memecoin follows the pattern of other memecoins because its value is often linked to social media trends that affect its price. The price of these coins tends to experience massive drops following the fade of public interest. The Trump memecoin is a prominent illustration of memecoin volatility, drawing attention to sustainability concerns within this digital currency sector.