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  • Binance Staked SOLBinance Staked SOL(BNSOL)$203.90-5.07%
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  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.000.00%
  • optimismOptimism(OP)$0.70-11.10%
  • bitcoinBitcoin(BTC)$119,110.000.14%
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  • rippleXRP(XRP)$3.22-7.92%
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  • dogecoinDogecoin(DOGE)$0.244682-7.94%
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  • stellarStellar(XLM)$0.434125-7.47%
  • suiSui(SUI)$3.79-4.31%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$3,930.93-2.14%
  • hedera-hashgraphHedera(HBAR)$0.249061-8.19%
  • Wrapped eETHWrapped eETH(WEETH)$3,912.82-2.18%
  • bitcoin-cashBitcoin Cash(BCH)$518.45-1.56%
  • avalanche-2Avalanche(AVAX)$24.09-6.09%
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  • leo-tokenLEO Token(LEO)$8.97-0.24%
  • shiba-inuShiba Inu(SHIB)$0.000014-8.18%
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  • BittensorBittensor(TAO)$429.63-3.89%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.190.01%
  • crypto-com-chainCronos(CRO)$0.122044-3.81%
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  • OndoOndo(ONDO)$1.04-6.01%
  • aptosAptos(APT)$4.83-11.02%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$233.27-5.29%
  • EthenaEthena(ENA)$0.482310-1.48%
  • internet-computerInternet Computer(ICP)$5.68-5.79%
  • okbOKB(OKB)$48.71-1.93%
  • kaspaKaspa(KAS)$0.104315-8.32%
  • bonkBonk(BONK)$0.000035-6.28%
  • mantleMantle(MNT)$0.80-3.81%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.041366-9.19%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • algorandAlgorand(ALGO)$0.270666-7.13%
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  • Official TrumpOfficial Trump(TRUMP)$10.20-7.29%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.77-3.95%
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  • sei-networkSei(SEI)$0.332249-5.15%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$203.90-5.07%
  • filecoinFilecoin(FIL)$2.67-7.95%
  • sUSDSsUSDS(SUSDS)$1.060.03%
  • SkySky(SKY)$0.085220-1.17%
  • quant-networkQuant(QNT)$122.61-6.53%
  • JupiterJupiter(JUP)$0.59-5.67%
  • SPX6900SPX6900(SPX)$1.90-6.85%
  • rocket-pool-ethRocket Pool ETH(RETH)$4,171.13-2.18%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$118,837.000.39%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,832.73-2.27%
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  • USDT0USDT0(USDT0)$1.00-0.06%
  • Mantle Staked EtherMantle Staked Ether(METH)$3,908.41-2.40%
  • Liquid Staked ETHLiquid Staked ETH(LSETH)$3,957.04-2.00%
  • curve-dao-tokenCurve DAO(CRV)$0.97-3.85%
  • nexoNEXO(NEXO)$1.33-0.87%
  • blockstackStacks(STX)$0.83-5.94%
  • flokiFLOKI(FLOKI)$0.000134-11.55%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.000.00%
  • optimismOptimism(OP)$0.70-11.10%

Former US President Donald Trump’s extravagant dinner for the top 220 holders of his $TRUMP meme coin has set the political and financial worlds abuzz. Held at his private golf club in Virginia, the Thursday night gala was billed as a celebration of innovation and crypto enthusiasm. In reality, it has ignited serious concerns over ethics, market manipulation, and political influence in digital finance.

Guests secured their seats through a pseudo-auction based on their average coin holdings between April 23 and May 12. According to data from Inca Digital, the attendees collectively spent an estimated $148 million on $TRUMP, with the top 25 shelling out more than $111 million. The prize? Not just dinner, but a “private VIP reception with the President” and a “special tour,” all detailed on the project’s website, operated by Fight Fight Fight LLC, a Delaware-registered Trump-linked entity.

As Trump used the occasion to slam the Biden administration for its regulatory approach to crypto, accusing it of “persecuting crypto innovators” the event has drawn criticism not just from Democrats, but also from within the Republican Party.

Political Fallout: “U.S. Policy for Sale”

The backlash was swift. Democratic lawmakers accused Trump of creating a “pay-to-play” dynamic, where access to a future president and influence over policy is effectively being auctioned off via crypto wallets. “This is my president that we’re talking about, but I am willing to say that this gives me pause,” admitted Republican Senator Cynthia Lummis. Democratic Senator Jeff Merkley was even blunter: “There is a big ‘For Sale’ sign on the White House lawn. U.S. policy for sale.”

Elizabeth Warren

Senator Elizabeth Warren was especially scathing: “Donald Trump’s dinner is an orgy of corruption. That’s what this is all about… corruption in its ugliest form.” Alongside other top Democrats, she has pointed to Trump’s ever-deepening entanglement in the crypto sector as a clear conflict of interest.

And the numbers give weight to their concerns. Blockchain analytics firm Chainalysis reported that over $320 million in trading fees tied to $TRUMP coin flowed into Trump-affiliated wallets between January and April 2025. In the week following the dinner announcement alone, the token’s creators gained an additional $1.3 million.

Crypto Power Players and Elite Guests

Among the elite 25 at the top of the leaderboard was Justin Sun, crypto billionaire and founder of the Tron blockchain. Sun claimed the number one spot and attended the event, sharing his excitement on social media. His presence alone was controversial. In 2023, the US SEC sued Sun and his companies for alleged fraud, though the case has since been paused.

Sun’s ties to Trump extend beyond the $TRUMP token. He is also the leading investor behind World Liberty Financial, a crypto venture run by Zach Witkoff, whose father, Steve Witkoff, serves as Trump’s Middle East envoy. Sun is reported to have poured $75 million into the company, including $30 million to support its token launch. He has even shared stages with World Liberty executives at high-profile conferences attended by Eric Trump.

 Justin Sun

The gala wasn’t all tech insiders. Former NBA star Lamar Odom was among the attendees, and Eric Trump himself is co-founder of a bitcoin mining firm slated to go public later this year through a merger.

Blurring the Line Between Presidency and Profits

The event highlights the increasingly blurred line between Trump’s political identity and his personal brand—now deeply embedded in the crypto world. While the White House insists Trump is not involved in the day-to-day operations of these ventures, scepticism abounds.

Trump family entities, CIC Digital LLC and Fight Fight Fight LLC, own a combined 80% of the $TRUMP coin supply. While technically legal, their revenue from token trading raises uncomfortable questions about how much public trust can be maintained when presidential branding is so intimately tied to high-risk financial assets.

Melania Trump

Melania Trump has also launched her own coin, and the couple’s Trump Media brand offers crypto ETFs via its financial arm, Truth.Fi. With Senate legislation on stablecoins expected to hit the floor soon, and World Liberty reportedly planning to launch one of its own, the timing of Trump’s growing crypto portfolio could be seen as highly strategic.

A New Era of Presidential Influence in Crypto

As crypto markets await further regulation, Trump’s dinner sends a clear signal: the former president intends to position himself and possibly the United States at the heart of digital finance. His message to attendees and the broader crypto community was unambiguous: “We’re bringing them back into the U.S.A. where they belong.”

Supporters see it as a bold move to reclaim technological leadership and cut through bureaucracy. Critics see it as the commodification of presidential access and a dangerous conflation of public duty with private enterprise.

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