U.S. President Donald Trump invited top meme coin holders to dinner

Immediately after the dinner, the Trump meme coin "Official Trump" plunged more than 5%. The event was held behind closed doors

U.S. President Donald Trump invited the top meme coin holders to dinner. Immediately after the dinner, the Trump meme coin "Official Trump" plunged more than 5%. The event was held behind closed doors, but it is understood that Justin Suntron, founder of the company, and others were invited.

The White House has explained that the dinner is intended to secure a favorable deal for the American people and is not for Trump's own benefit, but the controversy persists.

On the 22nd (local time), founder Justin Suntron posted a video of Trump appearing on his X and announced that he had attended a meme coin dinner. The "Gala Dinner" for the top 220 holders of meme coins ($TRUMP) issued by his golf club in Virginia was held behind closed doors so that most of the participants could not know who they were.

According to Bloomberg, in particular, all but six of the top 25 people are believed to have used overseas exchanges prohibited from using Americans. In the U.S., critics say Trump sold the presidential access rights, which cannot be sold or sold under the constitution, for private interests.

More than 100 protesters gathered near the venue. Protesters chanted slogans such as "America cannot sell, stop virtual asset corruption." Trump MemeCoin Plunged More Than 5% Just In Time For Trump Dinner.

It was also reported that Wall Street in the U.S. is seeking to participate in the stablecoin business.

The Wall Street Journal (WSJ) reported on the 22nd (local time) that the largest banks in the United States are considering whether to issue joint stablecoins. JP Morgan, BofA, Citi Group, Wells Fargo, and other large commercial banks participated in the discussion, and US online remittance service Zelle operator and interbank payment network The Clearing House (TCH) are also in discussion, WSJ reported.

The discussion of the bank consortium is in its early stages and may vary depending on legislative measures related to stablecoins and determining demand for stablecoins.

WSJ analyzed that such an attempt is a sign that mainstream finance and crypto finance are getting closer.

In the virtual asset industry, Cetus, a project that supplies liquidity to Sui-based DeFi, was hacked. The attacker took $11 million out of the sui/usdc pool alone from DeFi. As a result, most tokens plunged nearly 75% as Sui DeFi's key currency, Sui, was sucked out.

Sui system tokens listed on the Centralized Exchange also plunged due to the impact. Coinone, a domestic exchange where Setters is listed, urged it to do so. Upbit temporarily suspended deposits and withdrawals of digital assets affiliated with Sui, while Bithumb urged caution.