A new Trump meme coin promotion is turning heads in the crypto world. President Donald Trump is offering a private dinner for the top 220 investors in his $TRUMP cryptocurrency.
The official website calls it “the most exclusive invitation in the world.” Organizers set the event for May 22 at an undisclosed location and promised additional perks like a VIP tour and reception to the top 25 coin holders.
Earlier Wednesday, April 23, organizers advertised the tour as a “White House Tour,” but they have since removed that description.
Coin value surged after announcement
The announcement has already had an impact. Crypto.com shows the Trump meme coin surged in value after organizers revealed the dinner.
Trump originally introduced the meme coin just before his January inauguration. The digital asset quickly surpassed a $10 billion market capitalization, making it one of the most talked-about political coins to date.
Supply unlock delayed
Crypto watchers had anticipated a drop in value as 40 million new tokens were expected to unlock this week. The official $TRUMP coin account posted Wednesday that they would delay the unlock by 90 days.
That delay may have helped maintain market momentum.
Trump links coin to broader crypto vision
The dinner offer is part of Trump’s broader involvement in cryptocurrency. At a “crypto summit” in March, he said, “I promised to make America the Bitcoin superpower of the world and the crypto capital of the planet. We’re taking historic action to deliver on that promise.”
CIC Digital LLC and Fight Fight Fight LLC, companies linked to Trump, manage the Trump meme coin. Combined, they control about 80% of the total coin supply.
According to Wired, the day the dinner was announced, the coin’s contributors collected $1.6 million in fees.
Pushback from lawmakers and conservatives
Some Republicans have raised concerns. Sen. Cynthia Lummis, R-Wyo., told Axios at the beginning of April that Trump’s family involvement in cryptocurrency complicates bipartisan efforts to pass new digital asset legislation.
Beyond Capitol Hill, some conservatives have also expressed skepticism. A Reddit user in the r/Conservative subreddit called the Trump meme coin “a Ponzi scheme.”
The White House maintains there are no conflicts of interest. Deputy press secretary Anna Kelly told Fortune, “President Trump’s assets are in a trust managed by his children. There are no conflicts of interest.”
Dinner attendance not guaranteed
According to the event terms, “President Trump may not be able to attend.” If that happens, qualified winners will instead receive a limited-edition Trump NFT.
