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“Even after a 93% plunge, they flocked”…Trump Memecoin Dinner, 'Access Rights' Bought with Money
▲ Donald Trump, Trump Coin (TRUMP)/AI generated image ©
Memecoin investors who experienced a sharp decline are gathering again. It's a sign that even though the price has collapsed, the value of 'access rights' is still functioning.
According to cryptocurrency media outlet Bitcoinist on April 25 (local time), up to 297 top investors holding the Trump-related memecoin Official Trump are scheduled to attend a private dinner at the Mar-a-Lago resort in Florida, USA. This event is called the 'Memecoin Millionaire Exclusive Dinner,' and there are criticisms that it is essentially a structure where political access opportunities are purchased through coins.
In particular, some investors reportedly qualified to attend with an investment of just $500. Investors who attended a similar event in 2025 with a $1,200 investment reportedly re-entered this time at a much lower cost. However, the market sentiment has changed. Amid tariff policies and a bearish cryptocurrency market, investor confidence in Trump is evaluated to be lower than in the past.
The memecoin in question has plummeted from its peak. Official Trump has fallen from a high of approximately $45 to below $3, dropping over 93%. As of the reporting time, the price is around $2.56.
The list of attendees includes major industry figures. Paolo Ardoino, CEO of Tether, Song Chi-hyung, founder of Upbit, Anthony Pompliano, and Nathan McCauley, CEO of Anchorage Digital, are reportedly attending. However, Tron founder Zhao Changpeng is not — instead, it is noteworthy that Tron founder Justin Sun, despite being the top holder, has not disclosed his attendance.
Justin Sun recently filed a lawsuit against a platform co-founded by the Trump family. He claimed that the platform froze his tokens and threatened to burn them. At the same time, he declared himself a Trump supporter and took issue with the actions of some internal personnel.
This event has also sparked controversy over conflicts of interest between politics and cryptocurrency. Civic groups criticized the structure as one where the president directly profits by providing access opportunities through a financial product. Some groups pointed out that the fund flow of wallets related to the token is opaque, making it difficult to track the actual scale of profits.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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