A VIP Seat at Donald Trump’s Crypto Dinner Cost at Least $2 Million
VIP investors with the usernames Top and ivo sold 200,000 (worth almost $2.7 million) and 427,568 (worth almost $5.7 million) ahead of the deadline, respectively.
Trump first announced his crypto coin on January 17, three days before his 2025 inauguration. He pitched it as a memecoin, a type of coin used almost exclusively for financial speculation. Because memecoins do not generate revenue, nor have any underlying business model, their price tends to fluctuate wildly with swings in public sentiment toward the person, meme, or concept they are based upon.
In the days after trading began, the 20 percent of TRUMP coins released into circulation surged in value to $14 billion. On paper, Trump’s net worth had increased by tens of billions…
