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Cryptocurrency News Articles

Trump Digital Coin Promises Exclusive Dinner With Donald Trump to Top 220 Holders

May 14, 2025 at 07:34 pm

Inca Digital, a crypto intelligence firm, found that on April 23, 2025, organizers promised the top 220 coin holders an invitation to an “intimate dinner”

Trump Digital Coin Promises Exclusive Dinner With Donald Trump to Top 220 Holders

Buyers of the $TRUMP meme coin collectively spent over $140 million to secure an exclusive dinner with former President Donald Trump, a crypto intelligence firm has found.

The initiative, which is linked to Trump’s CIC Digital and the Trump Organisation, has raised concerns from watchdog groups over the potential for political access being tied to financial investments.

Organisers of the dinner, which is set to take place at Trump National Golf Club in Washington, D.C, invited the top 220 coin holders to the ‘intimate dinner’, which is scheduled for May 22.

The announcement of the dinner led to a 40% surge in the coin’s value, which had fallen sharply in March, rendering it a perfect candidate for a partial recovery.

The top holders of the $TRUMP meme coin spent from $53,400 to $16.4 million each to get a dinner invitation with President Trump.

$TRUMP Coin Incentive

The dinner offer, with the top 25 investors receiving a VIP reception and tour, prompted investments ranging from $53,500 to $16.4 million, according to Inca Digital. The top holder, “Sun VIP,” and most participants remain anonymous, using offshore exchanges like Bybit and Gate.io, which don’t serve U.S. customers.

“Many users sent funds to international exchanges, suggesting they’re outside the U.S.,” noted Austin Ryan, an intelligence analyst at Inca Digital.

The $TRUMP coin, partially owned by CIC Digital, an affiliate of the Trump Organisation, benefits Trump financially through trading fees and liquidity pools, as per CoinDesk.

However, watchdog group Accountable.US, led by Tony Carrk, expressed concerns over the "shrouded" top holders of the $TRUMP coin, highlighting the potential for undisclosed political influence.

Lawmakers and government watchdog groups have expressed alarm over the coin’s link to political access, raising questions over the ethics of tying financial investments to exclusive events with a former president.

The dinner incentive follows an 88% crash in the coin’s value, with the 40% surge offering partial recovery for the coin, which operates on a decentralised exchange.

The coin, which is powered by the Stellar blockchain, leverages Trump’s brand to generate revenue, with Eric Trump describing it as "the hottest digital meme on earth."

The promotion’s enhancement of the coin’s trading volume showcases its speculative appeal and potential for sustained strength despite enduring volatility and persistent regulatory risks.

The Trump Organisation and the White House did not provide any comments.

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Other articles published on May 15, 2025