Dinner with Trump Causes Memecoin to Rise Sharply – Then Drops Strongly

220 top token holders have been promised a seat at the event on May 22 at Mr. Virginia’s golf club — the deadline has triggered nearly 2 billion dollars in token purchases. But the frenzy did not last long. Blockchain data shows that more than 30 large holders sold off their positions just hours after becoming eligible, causing the price to drop sharply before partially recovering. Traders seem to have used the dinner invitation as an exit strategy, a common move in the speculative cryptocurrency market. Critics argue that this model raises ethical concerns, as paying for access through an unregulated token blurs the line between campaign hype and influence peddling. The rapid rise and fall of this token has also sparked debates about how cryptocurrency exists in a regulatory gray area when tied to public figures. Despite the controversy, the Trump Organization and its partners are said to have earned over 320 million dollars in transaction fees since the token launch, including over 1 million dollars shortly after the dinner promotion program. A wallet linked to the HTX exchange holds 14.6 million dollars in tokens — ensuring the top position at the table.