Dinner with Trump? TRUMP Meme Coin Price Soars as Top Holders Offered VIP Access
The TRUMP meme coin surged over 55% to $14.7 on April 23, 2025, after the announcement of an exclusive dinner invite for the top 220 holders by President Donald Trump.
OFFICIAL TRUMP meme coin price chart (Source: CoinMarketCap)
The event, scheduled for May 22, 2025, at the Trump National Golf Club in Washington, DC, includes a reception for the top 25 wallets and a VIP White House Tour on May 23. Eligibility is determined by average TRUMP token holdings from April 23 to May 12, 2025.
Despite the recent surge, the TRUMP meme coin, with a market capitalization of $2.4 billion, is still down 88% from its Jan. 19 peak of $75.35.
The MELANIA coin, down from its Jan. 20 high of $13.73, traded at approximately $0.51 following the announcement, with a 24% gain on April 23 even though the MELANIA token has no confirmed connection to the dinner.
Also read: Why Eric Trump Thinks Crypto Will Save the Trump Business Empire
Crypto Cash for Access? Critics Question Trump VIP Event
The dinner invitation has raised ethical concerns among lawmakers and investors. Senator Chris Murphy described it as a “backdoor bribery scheme,” while Tony Carrk of Accountable.US criticized it as promoting a “bidding war” for presidential access.
Trump meme coin dinner (Source: GetTrumpMemes)
Democratic lawmakers, including Senator Elizabeth Warren, have called for regulatory action, referencing a Jan. 2025 New York Department of Financial Services warning of meme coin volatility and fraud risks.
The 80% holding of TRUMP and MELANIA tokens by Trump family-related entities, such as CIC Digital LLC and Fight Fight Fight LLC, with only 20% initially tradable under a three-year vesting schedule, has also raised concerns about potential conflicts of interest.
Token Surge, Token Dump: The Volatile World of the TRUMP Meme Coin
Cryptos like the TRUMP meme coin and MELANIA meme coin are known for extreme volatility. This volatility is evident with the more than 83% drop the TRUMP meme coin has recorded after a strong start in January this year.
Also read: Trump and Dump? TRUMP Coin Soars After Binance and Coinbase Listings
Recently, 40 million TRUMP tokens—approximately 20% of the circulating supply—valued at $330 million were also released into circulation, potentially influencing future prices. The vesting schedule for the remaining 80% is still active, as previously reported by Ecoinimist.
