Trump to Host Third Exclusive Memecoin Dinner Amid Corruption Allegations
- Donald Trump will host a dinner for the top 185 holders of his memecoin, Official Trump (TRUMP), on Nov. 22.
- Investors in Trump’s crypto ventures have reportedly lost $4.7 billion since 2022, with $3.2 billion attributed to the memecoin.
- The price of TRUMP surged approximately 9% to $2.23 following the dinner announcement.
- This event marks the third gathering for memecoin holders, following dinners in May and April of previous years.
- Critics argue that these events represent unethical “pay-to-play” access to the presidency.
The upcoming dinner follows significant losses reported by investors in Trump’s crypto projects and has drawn scrutiny from lawmakers regarding ethical implications and potential corruption linked to his presidency.
With an estimated $4.7 billion lost by investors, this event raises serious questions about the ethics of cryptocurrency ventures associated with public officials like Trump.(Source)
