Donald Trump’s $TRUMP Memecoin Dinner Sparks Buzz and Controversy as Guest List Goes Public

The highly anticipated Trump memecoin dinner is officially on the calendar, scheduled for May 22 in Washington, D.C., and it’s turning heads across the crypto and political spheres.

Reserved for the largest holders of the $TRUMP token, this exclusive event will include a private VIP reception and a dinner with former U.S. President Donald Trump. As excitement builds around the event, the guest list has stirred both fascination and concern within the crypto community and beyond.

Leaderboard Finalized: Global Investors Dominate

The final leaderboard has been released, revealing that many of the top $TRUMP token holders who earned a seat at the table are foreign nationals. A Fortune report noted that 18 of the top 25 wallets have interacted with Binance, a platform not accessible to U.S. users, strongly suggesting international participation.

Prominent figures such as Chinese crypto billionaire Justin Sun, the Singapore-based startup MemeCore, and Australian investor Kain Warwick have emerged as headline attendees. Justin Sun leads the leaderboard with a wallet holding more than 1.4 million TRUMP tokens, currently valued at approximately $19 million.

The exclusive 220-seat gathering is not just a dinner it offers access to a private VIP reception reportedly priced at a minimum of $2 million per seat, according to UCLA Professor Rick Hasen.

Whale Activity and Market Reaction

The announcement triggered a sharp 70% surge in the TRUMP token’s value, pushing its market cap to $2.7 billion, per TradingView data. Yet, as the dust settles and the dinner date nears, some investors are re-evaluating their positions.

One major whale, despite earning a guaranteed invite, recently sold over $1 million worth of TRUMP tokens, choosing to secure profits rather than attend the dinner. This strategic exit highlights growing caution among large holders, possibly due to the event’s market implications and intensifying regulatory scrutiny.

In contrast, others continue accumulating $TRUMP tokens in hopes of riding the next bullish wave.

Controversy and Political Backlash

Critics have been quick to point out the potential conflict of interest in hosting a high-profile political dinner tied directly to a memecoin. With Donald Trump still under a Senate investigation concerning alleged insider trading and token dealings, the event’s optics are already under fire.

Concerns are mounting that such a gathering could blur the lines between political influence and financial speculation particularly with international investors involved.

Price Outlook for TRUMP Coin

As of the latest update, the TRUMP token has edged up 2.9% to $13.40, though its 24-hour trading volume has dipped by 16.9% to $1.66 billion a possible sign of waning hype. The recent whale sell-off suggests looming price volatility and the risk of a broader selloff.

Despite these short-term pressures, some analysts still see a potential upside. Forecasts estimate the token could rebound and trade between $70 and $100 by year-end, referencing its previous peak of $75.35 shortly after launch.

Whether the dinner will serve as a bullish catalyst or mark the peak of hype remains uncertain. For now, all eyes are on Washington and the blockchain.