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7h ago

Trump Hosts Private Gala for Top $TRUMP Meme Coin Investors, Drawing Protests and Scrutiny

The dinner at Trump's Virginia golf club brings together 220 major token holders, including Justin Sun, amid allegations of conflicts of interest and foreign influence.

Illustration by Noah HIckey/The Dispatch. (Photograph of President Trump. by Brandon Bell/Getty Images)
Thursday’s “ultra-exclusive private VIP reception” for Trump memecoin holders is just the latest instance of the president flouting ethical boundaries between the office and the his personal profit-seeking.
FILE - Then Former President Donald Trump speaks at the Bitcoin 2024 Conference, July 27, 2024, in Nashville, Tenn. (AP Photo/Mark Humphrey, File)
Justin Sun participates in a session during the Token 2049 crypto conference in Dubai on May 1, 2025.

Overview

  • President Trump is hosting a gala dinner for the top 220 holders of his $TRUMP meme coin at Trump National Golf Club in Virginia, with a VIP reception for the top 25 holders.
  • Justin Sun, founder of the Tron blockchain and top $TRUMP holder with a $21.9 million stake, confirmed his attendance, highlighting his $93 million total investment in Trump-linked crypto ventures.
  • Critics, including Democratic lawmakers and ethics watchdogs, have condemned the event as a potential 'pay-to-play' scheme and raised concerns about foreign influence, with 72% of attendees reportedly being foreign nationals.
  • The $TRUMP meme coin, launched in January, reserves 80% of its supply and revenue for Trump-affiliated entities, raising ethical and legal questions about blending public office with personal profit.
  • Protests are planned outside the event, while lawmakers press for investigations and propose legislation to address potential conflicts of interest and regulate political ties to cryptocurrency.