Trump Launches $TRUMP Memecoin and Promises Dinner With the President to Top 220 Investors

On a website promoting $TRUMP, there's an illustration of the president — albeit a significantly slimmed down version — pointing at the viewer

A post promoting President Donald Trump’s meme coin is inviting the top 220 investors in $TRUMP to have dinner with him at his members-only golf club in May.

The dinner will take place on May 22 at Trump National Golf Club in Washington, D.C., and is part of the Trump family’s latest effort to profit from the president’s personal cryptocurrency, which he launched in December ahead of his inauguration.

The post reads, “The most EXCLUSIVE INVITATION in the World.”

It continues: “Only the TOP 220 $TRUMP investors will be invited for dinner with President Trump at his private Trump National Golf Club in Washington D.C. on May 22 at 7:00 PM EDT. Don’t miss this INCREDIBLE opportunity to meet the president and network with other top $TRUMP investors!”

Those who invest at least $30,000 in Trump’s meme coin by May 12 will be invited to the dinner and a private VIP reception with the president and a tour of the White House.

The post will also keep track of rankings from April 23 and 13.

The post adds that the 25 top holders of $TRUMP will also get access to a private VIP reception with Trump and a tour of the White House.

The post comes as part of a broader effort by the Trump family to capitalize on the president’s name and image in the Web3 space.

Earlier this year, Trump and First Lady Melania Trump launched his-and-hers meme coins, which quickly became a hit with investors.

The president’s crypto fortune has continued to grow since he returned to the White House.

In addition to the president and First Lady debuting his-and-hers meme coins, which have been lucrative, the Trump family leads the decentralized finance exchange World Liberty Financial, which has sold at least $550 million of its first digital token, $WLFI.

Widespread concern among experts has been raised as World Liberty Financial — where Trump’s sons Barron, Eric, and Donald Trump Jr. all hold official titles — offers a potential way to funnel money to the family. DT Marks DEFI LLC, a company linked to the family, has the right to 75 percent of revenue from token sales.

Trump’s administration’s push to deregulate the crypto sector could further expand the opportunity for bad operators in the crypto space to essentially pay off the family in exchange for favors.

The Wall Street Journal reported last month that World Liberty Financial has explored taking a financial stake in disgraced crypto exchange Binance, whose criminally convicted founder has been itching for a pardon. Binance was reportedly encouraged by Trump’s Securities and Exchange Commission asking a court to pause a fraud lawsuit against Chinese-born investor Justin Sun, who invested $30 million in World Liberty Financial last fall.

Trump’s Justice Department indicated earlier this month that it will no longer pursue any investigations into crypto fraud.

There’s also plenty of ethical concern around someone being able to sit down for an exclusive dinner with the president if they pour enough money into his personal meme coin venture.

A previous analysis reviewed by The New York Times found that the early rise in value of Trump’s meme coin helped some investors to earn massive profit while its crash caused more than 810,000 crypto wallets to lose $2 billion combined.

Meanwhile, the Trump family raked in approximately $100 million in trading fees alone.

While many are alarmed to see the president’s flashy invitation to top meme coin investors, he held a similar lavish “Gala VIP Dinner” back in January 2024 for people who bought at least $4,700 worth of “Trump Cards,” an NFT collection of digital trading cards that portrayed Trump as a superhero, a cowboy, or a god.