{"id":51878,"date":"2025-05-05T15:16:12","date_gmt":"2025-05-05T15:16:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trump-woos-crypto-elite-with-exclusive-dinners-tied-to-trump-token-and-millionaire-donors\/"},"modified":"2025-05-05T15:16:12","modified_gmt":"2025-05-05T15:16:12","slug":"trump-woos-crypto-elite-with-exclusive-dinners-tied-to-trump-token-and-millionaire-donors","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trump-woos-crypto-elite-with-exclusive-dinners-tied-to-trump-token-and-millionaire-donors\/","title":{"rendered":"Trump woos crypto elite with exclusive dinners tied to $TRUMP token and millionaire donors"},"content":{"rendered":"

(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b>
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US President Donald Trump is leaning into the cryptocurrency world this month with two high-profile dinners targeting both wealthy political donors and holders of the meme coin bearing his name \u2014 the $TRUMP token.<\/p>\n

Together, these crypto-focused events could generate millions in support and further entrench Trump\u2019s growing ties to the digital asset community<\/a>.<\/p>\n

The first event, scheduled for May 6, is a lavish $1.5 million-per-plate fundraiser, placing it among the most expensive dinners in American presidential history.<\/p>\n

The event is hosted by MAGA Inc. and includes special guest David Sacks, a prominent venture capitalist and a vocal advocate for reshaping crypto and AI regulations in the US.<\/p>\n

Later in the month, on May 22, Trump will host a second dinner at his private club, Trump National in the Washington, D.C. area.<\/p>\n

Uniquely, this one isn\u2019t funded by cash but by crypto.<\/p>\n

Access to the gala is being determined through a blockchain-based leaderboard contest, run by the creators of the $TRUMP meme coin.<\/p>\n

Entry is granted to the top 220 token holders by May 12, with the top 25 getting VIP access and a private reception, along with a black-tie-optional \u201cWIP White House Tour.\u201d<\/p>\n

This gamified campaign tactic has driven significant attention and value<\/a> to the $TRUMP token.<\/p>\n

Since the announcement of the gala dinner, the token surged over 50%, lifting the on-paper value of wallets held by early backers and project insiders.<\/p>\n

However, the setup has sparked controversy.<\/p>\n

Watchdog group Accountable slammed the contest as \u201cthe most nakedly corrupt self-enrichment scheme in US presidential history,\u201d citing concerns over how it potentially enables wealthy, and possibly foreign, individuals to buy influence through crypto holdings.<\/p>\n

Adding to the criticism, the contest\u2019s fine print includes a disclaimer that Trump\u2019s attendance is not guaranteed, and that in the event of cancellation, winners will receive a Trump-themed NFT instead.<\/p>\n

According to on-chain analytics firm Chainalysis, trading activity in the $TRUMP token has generated over $324 million in transaction fees since its January launch \u2014 funds largely routed to wallets controlled by the token\u2019s creators and, reportedly, Trump-affiliated entities.<\/p>\n

The project\u2019s website claims that about 80% of the token\u2019s supply is held by the Trump Organization and associated wallets.<\/p>\n

To ease public scrutiny, the coin\u2019s insiders have agreed not to sell their holdings for at least another 90 days, according to disclosures on the project site.<\/p>\n

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(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) US President Donald Trump is leaning into the cryptocurrency world this month with two high-profile dinners targeting both wealthy political donors and holders of the meme coin bearing his name \u2014 the $TRUMP token. Together, these crypto-focused events could generate millions […]<\/p>\n","protected":false},"author":3947362382,"featured_media":51879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51878"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362382"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51878"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51879"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}