The news that TRUMP TRUMP/USD meme coin holders may be eligible for a dinner with the president has sparked a heated debate about the ethics of this marketing campaign.

One commentator highlighted the possible legal implication for the meme coin, describing it as a hybrid between a political access pass and a high-risk speculative asset.

The news that TRUMP /USD meme coin holders may be eligible for a dinner with President Donald Trump has sparked a heated debate about the ethics of this marketing campaign.

One commentator highlighted the possible legal implication for the meme coin, describing it as a hybrid between a political access pass and a high-risk speculative asset.

Molly White, a researcher tracking Web3 developments, highlighted a whale who bought $8 million worth of TRUMP tokens, funded from a Binance exchange account, hinting at the international involvement in the meme coin.

Someone just spent $8 million on $TRUMP memecoins after the president announced that the top holders would be invited to join him at a private dinner at his DC golf club.

The purchases were funded by a Binance account, suggesting the wallet owner is not based in the U.S.

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The post Trump (TRUMP) Meme Coin Sparks Debate Over Ethics Of Presidential Dinner Invite appeared first on Benzinga.com.

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The report by Token Terminal indicates that a trader jumped in with a $5 million buy order after the dinner news broke.

Another trader prematurely sold 630,000 tokens just before the announcement, forfeiting a potential $4.5 million in profit.

The news of the dinner invitation came in a short video message from Trump, where he extended an invitation to the "top ten" TRUMP coin holders to join him for dinner at his Trump National D.C. golf club.

"Hello everyone, I'd like to invite the top ten TRUMP coin holders to join me for dinner at my D.C. golf club to discuss the campaign and where we're going in the upcoming election," Trump said in the message.

Set in the vibrant tapestry of the 2024 presidential campaign, a limited-edition collectible token known as TRUMP has emerged on the Solana blockchain, aiming to capture the essence of the campaign and engage supporters in a novel way.

About 80% of its supply remains controlled by insiders, further casting the token as a pure collectable meme coin with no expectation not utility, no cross-over of an investment contract in any of the common legal tests such as the Howey Test.

But that legal grey area may be shifting.

Offering access to real-world, high-value experiences like a private dinner with a presidential candidate may create an "expectation of profit through the efforts of others", one of the key thresholds that defines a security in U.S. law.

As Trump's political capital merges with crypto culture, the TRUMP token now functions as a blend of status symbol, speculative vehicle, and political fan badge, raising urgent regulatory and ethical questions.