Donald Trump to host an exclusive dinner for TRUMP token’s top investors.
Critics raise ethical concerns over foreign ties and crypto-linked influence.
Donald Trump is making headlines yet again, this time with a crypto twist.
The controversial Trump crypto dinner
The President is set to host a private dinner on the 22nd of May at the Trump National Golf Club in Washington, D.C., exclusively for top holders of his Official Trump [TRUMP] memecoin.
As expected, the highly anticipated event has stirred widespread speculation across the crypto and political communities, with an expected guest list of up to 220 prominent investors.
According to Bloomberg, the top 25 holders will also receive a private White House tour as part of a special reception.
In fact, all attendees have also reportedly passed background checks before securing their invitations.
Blockchain analytics firm Nansen revealed that participants collectively poured $394 million into Trump’s official cryptocurrency, with the top seven alone spending over $10 million each.
On average, winners spent nearly $1.8 million to secure a spot, highlighting the scale of interest and investment behind Trump’s memecoin initiative.
Justin Sun’s presence adds more fuel to the fire
Moreover, Chinese-born crypto tycoon Justin Sun has claimed the top spot on the TRUMP memecoin leaderboard, securing an invite to dine with the President at the highly anticipated private gala.
Announcing his position via X (formerly Twitter) on the 20th of May, Sun confirmed he now holds approximately $18.6 million worth of the Trump-themed token.
Source: Justin Sun/X
Trump’s crypto moves
Well, Trump’s latest crypto move adds to the $75 million he previously invested in World Liberty Financial, a blockchain venture that directs 75% of its revenue to Trump-owned businesses.
The saga has also ignited a storm of political backlash, with critics warning of unprecedented ethical risks tied to Trump’s deepening crypto entanglements.
What’s happening behind the limelight?
And now, Bloomberg’s analysis shows that 19 of the top 25 wallets likely belong to individuals outside the U.S., reinforcing concerns about foreign influence and financial opacity.
It’s worth noting that Democratic leaders, including Sen. Elizabeth Warren, have already called for ethics investigations into Trump’s crypto dealings.
But with limited legislative power, their efforts remain largely symbolic, highlighting rising tensions between crypto and politics.
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