Donald Trump welcomed top $TRUMP memecoin investors to an exclusive gala at his Virginia golf club, sparking ethical concerns.
U.S. President Donald Trump hosted a private gala for the top 220 holders of his $TRUMP memecoin on Thursday, May 22, 2025, at Trump National Golf Club in Virginia, near Washington, D.C. The event, announced on April 23, also included a VIP reception and White House tour for the top 25 investors, as confirmed by the memecoin’s website.
The gala, described as “the most exclusive invitation in the world,” followed a contest where investors spent an estimated $148 million to secure spots, per Inca Digital. The coin’s value surged over 50% after the announcement, boosting the Trump Organization’s holdings, which control 80% of the token supply.
Critics, including Senators Elizabeth Warren and Adam Schiff, slammed the event as a “pay-to-play” scheme, raising concerns about foreign buyers, with over 56% of top holders using offshore exchanges like Binance. Chinese entrepreneur Justin Sun, a top investor, attended, fueling debates over influence peddling.
The event, part of Trump’s pro-crypto push, has drawn bipartisan criticism and calls for ethics probes, highlighting unprecedented intersections of presidential power and personal business.
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