About 200 wealthy cryptocurrency owners attended a private dinner

This dinner was given as a special reward for those who purchased the $TRUMP token by the millions. President Trump held a private event

About 200 wealthy cryptocurrency owners attended a private dinner at President Trump’s golf club in Washington, DC, on Thursday night.

The meal, which took place at the Trump National Golf Club in Sterling, Virginia, was part of a unique fundraising effort that began earlier in the year.

The event comes amid broader concerns over the intersection of crypto and politics, with lawmakers raising alarms over foreign influence and the implications for smaller investors.

Two hundred and twenty memecoin holders were recognized during the ceremony.

This dinner was given as a special reward for those who purchased the $TRUMP token by the millions. President Trump held a private event for only the top twenty-five investors.

All guests were required to undergo background checks, as it was stated in the invitation.

A sign hung up at the venue showed Trump with his fist raised and the words “Fight, Fight, Fight” over his image.

The evening’s elaborate feast, officially named the “Donald J. Trump $TRUMP Gala Supper,” started with salad made using Trump Organic Field Greens.

Guests had the option of eating either pan-seared halibut with lime reduction or beef filet with satay glaze. Both of these dishes were served with garlic mashed potatoes and a vegetable medley. The dish consisted of a lava cake that was topped with caramel sauce, crunchy chocolate pearls that were crunchy, and Valrhona chocolate.

The Effect of Memecoin Market

Following the conclusion of the meal, the value of $TRUMP memecoin exploded.

New reports show that the token’s price went up because of the buzz around the event and Trump’s participation.

Before Trump was inaugurated, the coin had a market cap of $27 billion, which it reached in just hours, reports NPR. Because of this event, more people became interested in cryptocurrencies, and the industry faced even more controversy.

The dinner was also attended by Justin Sun, a Chinese crypto leader and the person who holds the most $TRUMP. Sun was recently charged with civil fraud in the U.S. but was greeted with celebration at the conference.

According to Christoph, the majority of the attendees were youthful professionals from the United States, China, or Europe who occupied themselves with cryptocurrency exchanges, funds, or trading.

Heuermann said Trump spoke for 20 minutes and did not directly engage the audience, only receiving applause.

Lawmakers strongly criticized the event. Blumenthal, a Democrat from Connecticut, said it was an unheard-of way to gain access to the president.

According to Connecticut Senator Chris Murphy, it was a “scam” and among the most corrupt actions ever taken by a president.

Republican Senator Cynthia Lummis from Wyoming voiced concerns about what the event may lead to.

Karoline Leavitt, the press secretary, said it was “absurd to think the president is making money from his job.” She addressed reporters at a media event ahead of the dinner.

Conflict and Demonstrations

On May 22, 2025, the evening before to the occurrence, protests were held outside the Trump National Golf Resort.

The dinner has sparked questions about how cryptocurrency and politics influence each other. Some people are concerned that crypto’s anonymous nature helps foreigners use the president’s wallet and this issue is made worse by Sun’s presence.

People have also questioned the way the $TRUMP memecoin is built.

Reuters reports that Trump Organization and its affiliates hold 80% of the tokens, making them the main beneficiaries of the fees which total hundreds of millions.

Those who invested early have earned great profits, but many smaller holders have suffered losses, with 592,962 wallets losing a total of $3.9 billion, reports CNBC.