U. S. President Donald Trump will host winners of his second annual meme coin contest at Mar-a-Lago in Palm Beach, Florida, on Saturday. The event offers top buyers of his $TRUMP cryptocurrency an audience with him, despite the token’s value dropping 96% from its peak last year. The gathering comes amid increased scrutiny of the Trump family’s crypto activities, with Democratic leaders calling for investigations.

The contest will welcome the 297 largest $TRUMP token holders who registered, and Trump has described the event as the “most exclusive” crypto and business conference in the world. The top 29 token holders will also attend a special VIP reception with the president. This event represents Trump’s blending of his…