PALM BEACH, Florida – US President Donald Trump hosted winners of his second annual meme coin contest at his Mar-a-Lago club in Palm Beach, Florida, on April 25, offering top buyers of his $TRUMP cryptocurrency an audience with him even as the token’s value has plunged more than 95 per cent from its peak in 2025.

The gala took place as scrutiny of the Trump family’s broader crypto ventures has intensified, with Democratic leaders calling for investigations.

The 297 largest $TRUMP token holders who registered for the contest attended a gathering that Mr Trump has billed as the “most exclusive” crypto and business conference in the world, where he gave the keynote address. The top 29 also attended a “special VIP reception and…