President Donald Trump hosted over 200 investors from across the globe at a black-tie dinner held at his private golf club near Washington, D.C., celebrating their involvement with the $TRUMP meme cryptocurrency. The event highlighted the growing buzz around this digital asset connected to the Trump family.
As reported by Reuters, the dinner took place amid protests outside the Trump National Golf Club, where demonstrators called for more transparency and criticized the promotion of the coin. Trump arrived by Marine One helicopter and addressed attendees, stressing his dedication to American prosperity and criticizing the current administration's stance on crypto innovators.
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Justin Sun, a millionaire entrepreneur originating from China, attended the event as a key investor and advisor to World Liberty Financial, the Trump family's cryptocurrency enterprise that has generated significant money. The U.S. Securities and Exchange Commission paused its 2023 fraud case against Sun, citing public interest, effectively clearing him for now.
Investors spent over $148 million on $TRUMP coins to ensure their seats at the dinner, with the top 25 holders contributing the majority of that total. These significant supporters received VIP benefits like a private meeting with Trump and one-of-a-kind watches for $100,000 each. Reuters reported that estimates that companies linked to the Trump family control 80 per cent of the remaining $TRUMP coin supply.
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More than half of the roughly 220 guests are believed to be based outside the United States. White House spokeswoman Karoline Leavitt responded to concerns over Trump's financial interests by saying that his assets are held in a blind trust managed by his children.
Guests were served a gourmet meal featuring filet mignon, pan-seared halibut, and warm lava cake, as shared on social media. The event ended with an after-party hosted by Singapore-based MemeCore, a meme coin engagement company whose co-founder reportedly invested over $16 million to become the event's second-largest supporter.
From its launch in January, the Guests were served a gourmet meal featuring filet mignon, pan-seared halibut, and warm lava cake, as shared on social media. The event ended with an after-party hosted by Singapore-based MemeCore, a meme coin engagement company whose co-founder reportedly invested over $16 million to become the event's second-largest supporter.
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From its launch in January, the $TRUMP meme coin has delivered significant returns to major investors, with some wallets collectively making nearly $1.5 billion. Following Trump's social media promotion of the coin contest, profits increased by roughly $48 million. meme coin has delivered significant returns to major investors, with some wallets collectively making nearly $1.5 billion. Following Trump's social media promotion of the coin contest, profits increased by roughly $48 million.
