Trump Meme Coin, a speculative cryptocurrency launched shortly before President Donald Trump took office, has reignited controversy after its issuer announced a lunch with the president for the token’s top holders. From March 12 to April 10, the issuer said, the 297 holders with the largest balances will be invited to join President Trump for a luncheon at Mar-a-Lago in Palm Beach on April 25, where he will also deliver a keynote speech. The top 29 investors will be promoted to attend a VIP reception alongside the luncheon.
The meme coin has been volatile, with prices tending to swing on headlines or events involving the former president. The Wall Street Journal reported that the coin jumped as much as 10% immediately after the luncheon announcement before retreating to prior levels.
This is not the first time Trump has attended events tied to the meme coin; in May of last year, he invited 220 meme-coin investors to his Trump National Golf Club in Virginia, with the top 25 investors receiving VIP tours of the White House, which drew concerns about conflicts of interest. Analysts and critics warn that given the current geopolitical tensions, attendance remains unclear. Politico cited anonymous White House sources saying the luncheon schedule has not been finalized. April 25 also marks the first White House Correspondents’ Dinner since the inauguration, adding to questions about timing and feasibility of attendance.
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