Trump Meme Coin Offers ‘private Dinner’ For Top Investors, But He Might Not Attend

[KENNEDY FELTON]

If you were ever wondering really you could people a gathering pinch a president, turns retired nan reply mightiness beryllium meme coins.

President Donald Trump is offering a backstage meal to nan apical investors of his cryptocurrency. The charismatic website calls it nan astir exclusive invitation successful nan world, pinch only 220 group gaining entree to nan arena connected May 22 astatine an undisclosed location.

For nan apical 25 holders, nan incentives spell moreover further, including a typical VIP circuit and backstage reception pinch Trump himself. The promotion appears to beryllium working, arsenic nan Trump coin surged successful worth instantly aft nan announcement.

Trump first launched nan memecoin up of his inauguration, and nan integer token deed a $10 cardinal marketplace headdress earlier he took agency successful January.

Fox Business notes that galore expected nan coin to clang recently, arsenic 40 cardinal caller tokens were group to unlock. However, successful a move that amazed investors, nan charismatic relationship announced Wednesday that nan unlock would beryllium delayed by 90 much days.

This is each portion of Trump’s broader push into crypto. Trump has stated, “I promised to make America nan Bitcoin superpower of nan world and nan crypto superior of nan planet. We’re taking historical action to present connected that promise.”

The Trump coin is managed by entities tied to his name—CIC Digital LLC and Fight Fight Fight—which power 80% of nan token supply. Contributors reportedly earned $1.6 cardinal successful fees nan time of nan meal announcement.

But not everyone is buying in. Some Republicans, including Wyoming Senator Cynthia Lummis, person raised concerns astir nan Trump family’s engagement successful crypto. She told Axios that his family’s investments make it harder to summation support for a bipartisan measure connected integer assets.

Outside of Washington, immoderate conservatives are skeptical too. One Reddit personification successful nan “Conservative” organization called nan memecoin “a Ponzi scheme.”

Still, nan White House is opinionated by Trump’s financial arrangements. Deputy Press Secretary Anna Kelly stated, “President Trump’s assets are successful a spot managed by his children. There are nary conflicts of interest.”

And if Trump doesn’t show up to nan dinner, which nan connection says could happen, nan good people states winners will person a limited-edition Trump NFT instead.