A VIP Seat at Donald Trump’s Crypto Dinner Cost at Least $2 Million

VIP investors with TOP and IVO user names sold 200,000 ($ 2.7 million) and 427,568 (at a value of about $ 5.7 million) before the deadline, respectively.

Trump announced for the first time the encryption currency on January 17, three days before his inauguration in 2025. He placed it as a mechanical, a type of currency used almost exclusively for financial speculation. Since Memecoins do not generate revenues, and there is no basic commercial model, its price tends to volatility violently with fluctuations in general feelings towards the person, m, or concept that depends on it.

In the days after the trading, the value of 20 percent of the Trump coins that were launched in trading increased to $ 14 billion. On paper, Trump’s net value increased by tens of billions of dollars overnight.

The value of the currency has since decreased by more than 80 percent of its peak. But when Trump announced dinner on April 23, this paid another commercial insanity, causing the price of the MIM to rise. As mediators on the market, combat fighting and CIC Digital are likely to be hundreds of thousands of dollars in trading fees.

Since its launch, the Critics have given the “TROMP Memecoin as” unethical “money”-offending the Trump office for self-integration. They also expressed concern that the currency can be used to transfer wealth to the Trump family. By conducting a significant investment and raising the currency price, foreign authorities and other representatives with political motives can try to prefer with the president, says the argument.

When creating an explicit Quid-quo-a large investment in exchange for reaching Trump-re-dinner, these concerns. “It gives the fans to the people who buy the Mimin that enriches it directly,” Democratic Senator John Osov said at a meeting in the city hall on April 25.

The identities of the investors who won a seat at the dinner party are largely unknown. It includes the largest investor holders who go to the names of users, Wu, Rekt, GANT and Case. The White House and the organizers of the event did not respond when they were asked whether the attendance list would be published in public.

However, other investors have chosen to reveal their identities and seize competition as a brand opportunity. The second -place owner, MECO or “MEMECORE”, asked users to X send $ Trump to their portfolio to enhance their classification, and promised full money at the end of the competition. “See, comrades at the Trump party,” added Rudi Rong, the chief business development official in Mimikor, who comes from a billionaire Chinese family.

In congress, Democratic lawmakers are trying to pay legislation that would prevent elected officials from launching Mimikwins, to make up for the risk that these coins facilitate bribery or open the door for foreign effects. Although the MEME law does not represent a little opportunity to write in the law because of the Republican majority of Congress and the power of Trump’s contract on his party, it indicates a decrease in their discontent over the president’s involvement in the encrypted currency.

“It provides a cloak for payments from the bad actors of elected officials and their families,” said a member of the Democratic Congress, Sam Lixkdo, who submitted the M and Law, said. “The important point is that those who benefit may include individuals who do not have America’s interests in the heart.”