Trump to Host Mar-a-Lago Luncheon for Top $TRUMP Token Holders

Trump launched the $TRUMP memecoin under his personal brand and has used exclusive events to attract large holders, combining his political influence with crypto-asset marketing. Similar events have previously prompted U.S. lawmakers to raise conflict-of-interest concerns, including whether token buyers could use them to gain access to the president and influence policy.

The White House confirmed that Trump will host a luncheon at Mar-a-Lago on April 25 for the top 297 $TRUMP holders. Reports estimated that securing a seat could cost as much as $6 million. Whales continued accumulating tokens ahead of the event, while one mysterious investor made a $2.5 million profit within hours by betting on news of the luncheon. The Senate was meanwhile voting on a measure to prohibit the Federal Reserve from issuing a digital currency.