Donald Trump’s Crypto Dinner VIP Seat costs at least $2 million
VIP investors at Usernames Top and Ivo sold 200,000 (value nearly $2.7 million) and 427,568 (value almost $5.7 million) respectively, above the deadline.
Trump first announced him Cryptocoin January 17th, three days before the inauguration ceremony in 2025. He pitched it as a memo coin. This is a kind of coin used almost exclusively for financial speculation. Memecoin does not generate revenue or have an underlying business model, so its prices tend to fluctuate violently with shaking in public sentiment towards people, memes, or concepts based on them.
Over the days since the trading began, 20% of Trump’s coins were released into the circulation, surged in value to $14 billion. On paper, Trump’s net worth has increased by almost hundreds of millions of dollars a night.
Since then, the coin’s value has dropped by more than 80% from its peak. However, when Trump announced the dinner on April 23, it prompted another trade frenzy, causing Memecoin’s prices to skyrocket. As a market intermediary, there is a high possibility of fighting and CIC digital. Earned hundreds of thousands of dollars in trading fees.
Since the launch, critics have cast Trump’s Memecoin as unethical.Earn money” – Abuse of Trump’s job for self-abundance. They also expressed concern that the coin could be used to carefully transfer wealth to Trump’s family. It invites the president to favor by making large investments and increasing prices for coins, foreign powers and other politically motivated actors.
Dinner rekinded those horrors in establishing large investments in exchange for access to Trump. “He gives an audience to those who buy memo coins that will enrich him directly,” said Democrat Sen. John Ossoff. Town Hall Meeting April 25th.
The identity of the investors who won a seat at the gala dinner is largely unknown. The largest owners include investors who go with usernames Woo, Rekt, Gant and Case. The White House and event organizers did not respond when asked if attendance lists would be published.
However, other investors have chosen to reveal their identity and are seizing the competition as a branding opportunity. Second owner, Meco or “Memecore” Asked users on x Send $ Trump to your wallet to promote rankings and promise a full refund at the end of the contest. “See you at the Trump Gala.” Added Rudy Rong, Memecore’s Chief Business Development Officer, comes from a Chinese family of billionaires.
In Congress, Democrats are trying to push for laws that prevent elected officials from releasing their own Memecoin, offsetting the risks that these coins could promote bribery and open the door to foreign influence. however Meme Law Due to the Republican Congressional majority and the strength of Trump against his party, there is little chance of it being written in the law. It shows growing dissatisfaction with the president’s involvement in cryptocurrency.
“It provides a cloak for payments to officials and their families selected from bad actors,” Democrat Sam Ricardo, who introduced the memes law, told Wired. “The point is that those who benefit may include individuals who don’t have the greatest American interests at heart.”