Trump Gala Sparks 20% Surge in $TRUMP Memecoin Value

Donald Trump's gala dinner at his golf club in Washington, DC, on Thursday night, attracted over 200 affluent cryptocurrency investors, sparking a significant surge in the value of the $TRUMP memecoin. The event, held at the Trump National Golf Club in Sterling, Virginia, was an exclusive gathering for the top holders of the $TRUMP token, with the top 25 investors receiving VIP access, including a private reception with Trump before dinner. The attendees collectively held a substantial amount of the $TRUMP token, with a significant portion of guests coming from outside the US, underscoring the memecoin’s international appeal.

The guest list included notable figures such as Justin Sun, a prominent crypto leader and the largest holder of the $TRUMP token. Sun, who was recently charged with civil fraud in the U.S., was greeted with celebration at the conference. The event was described as a rare convergence of global crypto players, with many attendees flying in from various regions. The dinner featured luxury items such as halibut, filet mignon, and a signature organic salad named after Trump. The evening’s elaborate feast, officially named the “Donald J. Trump $TRUMP Gala Supper,” started with a 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.

Following the conclusion of the meal, the value of $TRUMP memecoin exploded. News reports show that the token’s price went up because of the buzz around the event and Trump’s participation. 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. The majority of the attendees were youthful professionals from the United States, China, or Europe who occupied themselves with cryptocurrency exchanges, funds, or trading. Trump spoke for 20 minutes and did not directly engage the audience, only receiving applause.

Lawmakers strongly criticized the event. It was described as an unheard-of way to gain access to the president. It was a “scam” and among the most corrupt actions ever taken by a president. Concerns were voiced about what the event may lead to. 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.

On the evening before 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. Trump Organization and its affiliates hold a significant portion 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.