Key Points – Trump Meme Coin

• Trump supporters poured nearly $2 billion into $TRUMP coin for dinner access
• Top holders are now rapidly dumping the coin after the May 12 deadline
• At least 34 major investors cashed out immediately after guest list cutoff
• Price of the meme coin plunged, then briefly rebounded Tuesday
• Critics warn the token could be used by foreign or corporate interests
• Even GOP allies express unease over ethics and influence concerns
• SEC confirms it won’t regulate the controversial Trump-themed asset

Dinner’s Over – And So Is the Hype

The invites are out. The money’s gone. And now? The selling begins.

After weeks of frenzy, investors who poured nearly $2 billion into the Trump meme coin are cashing out—fast. Why? Because the payoff is over.

The crypto token, called $TRUMP, promised access to a private dinner with the former president at his Virginia golf club. The deadline to qualify for that May 22 gathering passed Monday.

By nightfall, at least 34 of the top 220 holders had already dumped most of their coins.

Anyone who dines with Trump as a VIP guest, reports Wired, has spent at least $2M for their seat at the table.

Trump Meme Coin Drops Hard, Then Bounces

Hours after the guest list locked, the value of $TRUMP cratered. Panic gripped the market as speculators dumped the coin they had scrambled to hoard. For a moment, the coin looked doomed.

But by Tuesday afternoon, it rebounded nearly 9%, leaving investors whip lashed. Some called it market correction. Others saw it as the calm before a bigger crash.

“There’s no real reason to keep it now,” said Jeff Dorman of Arca, a crypto firm. “If the value was the dinner, that’s gone.”

Controversy Erupts in Washington

The $TRUMP token launched just before Inauguration Day. Its cartoonish logo—Trump, fist in the air, shouting “Fight Fight Fight”—has made it both a meme and a menace.

As the dinner approached, D.C. tension exploded. Critics warned the token was an open door for foreign interests and corporate donors to cozy up to the Trump camp. Even longtime Republican crypto backers started sweating.

Sen. Cynthia Lummis, a pro-crypto conservative, said she was uneasy about how it might be used.

SEC Washes Its Hands of the Token

What’s adding to the chaos? Lack of oversight. The SEC flat-out refused to regulate it. In February, staff said most meme coins fall outside their control. That means the $TRUMP token operates in a legal gray zone.

And that makes investors—and watchdogs—nervous.
Without regulation, there are no protections, no rules, and no clear consequences.

The Coin That Shook the Capitol

The $TRUMP coin was meant to be a show of loyalty. But now, it’s turning into a flashpoint. Democrats accuse Trump of exploiting his fan base. Ethics watchdogs are raising alarms. Crypto lobbyists fear it will damage the industry’s already-shaky reputation.

And all of this chaos? It’s coming from a meme.

White House Denies Wrongdoing

The Trump camp isn’t backing down. White House Press Secretary Karoline Leavitt dismissed the criticism last week. “It’s ridiculous,” she said. “President Trump is not doing anything for personal gain.”

But the optics say otherwise. A token that earns you dinner with the president? Ethics experts say it smells like influence-peddling. And if corporate or foreign money was involved? That’s a potential scandal waiting to erupt.

Is the Trump Coin Bubble About to Burst?

With the dinner invite window closed, investors are jumping ship. Some want profits. Others want out before the bottom falls out. But one thing is certain—without the carrot of access, the $TRUMP token looks more like a ticking time bomb than a long-term bet.

As the dust settles, Washington will be watching. The meme coin world just collided with presidential politics—and everyone’s waiting to see who walks away, and who gets burned.