TRUMP Memecoin Just Announced Its Second Presidential Dinner
The company behind President Donald Trump’s TRUMP memecoin announced on Thursday via X that it will host a gala luncheon for the token’s top 297 holders at Trump’s Mar-a-Lago estate on April 25.
Participants must connect a cryptocurrency wallet or their TRUMP holdings on Robinhood, the stock and crypto trading app, and rank in the top 297 on a live leaderboard tracking time-weighted holdings from March 12 to April 10. The top 29 qualify for a separate VIP reception.
All attendees must pass a background and security check. The event is billed on the memecoin’s website as “the most exclusive crypto and business conference in the world.”
There is a scheduling complication. A White House official told Politico the event is not confirmed on Trump’s calendar. April 25 is also the date Trump is expected to attend the White House Correspondents’ Association dinner in Washington, the annual gathering of the press corps and the sitting president.
The event’s own fine print acknowledges the uncertainty: if Trump cannot attend, holders will either get a rescheduled event or a limited-edition TRUMP non-fungible token, or NFT, in lieu of attendance.
The Price Reaction
TRUMP hit an all-time low of $2.73 earlier Thursday, according to CoinGecko. The announcement drove a brief rally of more than 10%, with the token touching $3.08 before retreating to around $2.94 by evening, up 2.4% on the day but still down 96% from its January 2025 all-time high of $73.43.
The pattern mirrors the first event: when the May 2025 dinner was announced, TRUMP surged nearly 60% in an hour before retracing. The token was trading around $13 at the time, more than four times its current price.
Familiar Criticism, Familiar Concerns
The May 2025 dinner drew sustained criticism centring on two concerns: that the structure allowed foreign nationals to purchase private access to a sitting US president, and that Trump was profiting from a speculative asset while his administration simultaneously set crypto policy.
A Bloomberg analysis found that all but six of the top 25 TRUMP holders at that event used foreign exchanges technically off-limits to US residents. Tron founder Justin Sun, at the time facing civil fraud charges from the Securities and Exchange Commission, was the top holder in attendance.
Senator Jeff Merkley called it “the Mount Everest of American corruption.” Senator Cynthia Lummis, a Republican crypto advocate, said it gave her “pause.” The second event includes restrictions on paper: no private meetings with Trump, no gifts. Senator Chris Murphy said this week the gala “represents a real problem” because it offers wealthy foreign individuals access to the president outside normal diplomatic channels.
Trump’s family and associated entities have earned more than $320 million in trading fees since TRUMP launched in January 2025. The token team’s website carries a disclaimer noting it “has nothing to do with any political campaign or any political office or governmental agency.”
