Trump’s Crypto Party: Winners Meet the President While Tokens Tumble

The former U. S. president is inviting the top holders of his $TRUMP meme coin to a celebration at Mar‑a‑Lago on Saturday. The event, billed as the world’s most exclusive crypto conference, will let 297 elite investors hear his keynote and give 29 of them a special VIP reception with champagne. The gathering comes amid growing scrutiny from lawmakers who want to investigate the Trump family’s expanding crypto empire. While retail buyers have seen most of their gains disappear, the family and its companies still rake in billions from the broader market. Last year’s contest at a golf club near Washington, D. C. , and a February meeting hosted by Trump’s sons raised similar ethical concerns. The latest event follows the same pattern: blending presidential influence with a family‑run business that has seen rapid growth.The $TRUMP token, once peaking at $75 in January 2025, now trades near its all‑time low of around $2. 81. The 297 winners collectively hold about $29 million in the coin, a sharp drop from the $148 million held during the first contest. Analysts say the recent rally lacks the conviction of 2025, and demand is not holding steady. Meme coins are known for their boom‑and‑bust cycles, driven by online hype rather than real value. Even high‑profile investors like crypto billionaire Justin Sun have faced legal battles with the Trump family’s World Liberty Financial, highlighting tensions within the ecosystem. Despite these controversies, the Trump family continues to promote its crypto ventures, claiming no conflict of interest and stressing that any profits are managed through trusts overseen by the president’s children. The upcoming event will likely amplify both support and criticism as the crypto landscape evolves.