Donald Trump Announces Private Gala Dinner for the Top 220 Holders of His $TRUMP Memecoin

Donald Trump has announced a private gala dinner for the top 220 holders of his $TRUMP memecoin. The event is scheduled for May 22, 2025, at Trump National Golf Club in Washington, D.C.

Donald Trump is hosting a private gala dinner for the top 220 holders of his $TRUMP memecoin at Trump National Golf Club in Washington, D.C., on May 22, according to an announcement on the official website for the $TRUMP coin.

The top 25 investors will also be invited to a special VIP reception with Trump, where they will have the chance to hear directly from the former president. The invitation promises an “exclusive message and a photo opportunity with President Trump.”

This announcement led to a huge increase in investment in the $TRUMP coin. In the past 24 hours, investment in the coin surged by about $100 million, pushing its price up by more than 60 percent.

Reports indicate that some of the largest investors in the coin are registered with foreign crypto exchanges, including one founded in China.

There are also concerns that some investors may not be U.S. citizens, as some have received funds from Binance, a crypto exchange that does not allow U.S. customers.

The $TRUMP coin has generated at least $350 million in fees for entities connected to Trump since its launch earlier this year.

The dinner offer has drawn criticism from lawmakers, who say it raises serious ethical and legal questions.

They warn that offering exclusive access to Trump in exchange for large investments could be seen as “pay to play” and may involve foreign nationals or corporate actors with interests in federal actions.

“It is deeply concerning that former President Trump would host a pay-to-play event at his family’s company, offering access to a former president of the United States in exchange for financial contributions,” said Democratic Senators Elizabeth Warren and Ben Cardon in a joint statement to CNN.

The senators have called for a federal ethics investigation into the event and the broader use of Trump’s name and office for personal financial gain.

The announcement of the dinner also comes shortly after news that Trump’s family plans to launch its own stablecoin, USD1.