Inside the High-Stakes Dinner at Trump’s Private Golf Club
Donald Trump welcomed the top holders of his $Trump meme coin to an exclusive gala at his private golf club near Washington DC. The event celebrated the winners of a competition that invited the 220 largest token holders to dine with the president. Yet despite the fanfare, nearly half of these guests have lost money on their investments.
$Trump Token Skyrockets Then Slumps, Leaving Many Investors in the Red
The meme coin surged over 50% after Trump announced the competition, reaching a collective worth of $148 million among the top wallets. However, a Guardian analysis reveals that 95 of the 220 winners suffered a combined loss of $9 million since the token’s January launch, exposing the risky volatility of hype-driven crypto assets.
Big Winners and Big Losers: A Tale of Two Crypto Worlds
While some holders profited handsomely—like “UVIL” who gained over $7 million—many others, including “GAnt” and “Meow,” lost over $1 million and $600,000 respectively. Many gala attendees had actually “pumped and dumped” the coin to secure their place, highlighting the speculative frenzy behind $Trump’s rise.
Trump-Linked Entities Hold Majority and Reap Massive Fees
The $Trump coin isn’t just a gamble for investors—it financially benefits Trump-affiliated companies CIC Digital LLC and Fight Fight Fight LLC, which own 80% of the token supply and have earned $320 million in trading fees as of early May. These earnings flow directly to the Trump family business throughout his presidential term.
SEC Downgrades Crypto Oversight, Meme Coins Exempted from Securities Rules
Under new SEC guidance, meme coins like $Trump are treated more like collectibles than securities. This means buyers lack the protections investors receive when purchasing stocks or bonds. Experts warn this lack of oversight enables risky schemes and potential market manipulation by insiders.
Calls for Regulatory Scrutiny Grow Amid Ethical Concerns
Legal experts suggest $Trump meets the criteria of a security under the Howey test, given expectations of profit tied to Trump’s influence and affiliated ownership. Ethical questions also arise over possible pay-to-play politics—highlighted by crypto billionaire Justin Sun topping the leaderboard despite past legal challenges.
Corporate Buyers Seek Influence Through Massive Token Purchases
Companies with strategic interests have bought millions of $Trump tokens. Freight Technologies spent $20 million aiming to leverage the coin for trade advocacy, while GD Culture Group plans up to $300 million in purchases, raising red flags about corporate influence on policy via crypto investments.
The Big Question: Who Really Benefits from the $Trump Meme Coin?
As Trump’s crypto venture expands, critics ask if the scheme serves America’s interests or merely enriches the president and his allies. With many retail investors losing millions and insiders profiting, the $Trump token’s saga underscores the dangers when politics, celebrity, and speculative crypto collide.
