Memecoin Millionaires Line Up For Trump’s Exclusive Luncheon
A crypto investor who paid simply $500 obtained a seat on the desk. That element alone tells you one thing in regards to the crowd gathering at Mar-a-Lago on Saturday.
A Token That Lost 93% Of Its Value
Morten Christensen, who attended the same event in 2025 after a $1,200 guess on US President Donald Trump’s memecoin, scored his manner again in for a fraction of that value.
He’s candid in regards to the temper shift. “Trump is far much less preferred proper now than he was after inauguration,” Christensen informed Bloomberg.
“With the entire 12 months of tariffs, crypto is bleeding, his repute inside the crypto neighborhood will not be nearly as good.”
The TRUMP token, formally known as Official Trump, has dropped greater than 93% from its all-time high of roughly $45 to underneath $3.
Despite that collapse, as much as 297 prime holders of the coin are anticipated to affix Trump at his Florida property for what organizers are calling the “Memecoin Millionaires Line Up for Trump’s Exclusive Luncheon” — a private gathering that critics say is actually about shopping for face time with a sitting president.
The visitor checklist reads like a who’s who of crypto finance: Tether CEO Paolo Ardoino, Upbit founder ChiHyung Song, Bitcoin advocate Anthony Pompliano, and Anchorage Digital CEO Nathan McCauley are all reported to be attending.
The Absent Name At The Top Of The Leaderboard
One identify is conspicuously lacking from the confirmed checklist. Tron founder Justin Sun sits atop the TRUMP memecoin leaderboard with 2.4 billion factors — greater than anybody else — but no public affirmation of his attendance has been made.
That silence comes after Sun filed a lawsuit this week towards World Liberty Financial, the crypto platform co-founded by Trump’s sons.
Sun alleges the platform froze his tokens and threatened to destroy them with out legitimate purpose. He described himself as an “ardent supporter” of Trump whereas blaming unnamed mission staff members for appearing towards the president’s values.
Ethics Watchdogs Raise Conflict Of Interest Concerns
Lawmakers and nonpartisan watchdog teams have criticized the Saturday gathering, arguing that Trump is utilizing a monetary product he personally earnings from to supply entry to the presidency.
The nonprofit Citizens for Responsibility and Ethics in Washington went additional, declaring in a Friday publish that crypto wallets linked to the TRUMP token have moved cash in ways in which make it laborious to hint how a lot the president is incomes.
Featured picture from Getty Images, chart from TradingView
