Top TRUMP meme coin holders with $174M in tokens set for exclusive White House dinner

The top 220 investors in President Donald Trump’s $TRUMP meme coin, collectively holding over $174 million worth of tokens, are set to attend an exclusive dinner with the president on May 22 at his Trump National Golf Club in Virginia.

There will be background checks that need to be completed before the investor’s attendance is confirmed.

“The first Competition is officially over,” the project posted to X. “If you were in the top 220 on the leaderboard, check the email you signed up with for details on the Dinner with President Trump as soon as possible. There will be background checks that need to be completed before your attendance is confirmed.”

This development was the culmination of Trump’s weekslong promotion of the contest, which has drawn allegations that he is using his position to enrich his family business while opening himself up to foreign influence.

The contest was stratospheric upon the meme coin’s introduction in January 2025, quickly drawing traders and Trump fans. The coin reached an all-time high of $75 once before dropping to around $12.63 recently.

Participants gambled around $148 million in an attempt to finish in the top 220. Only a few million dollars were spent to score a place at the dinner table with Trump.

Lawmakers attack Trump’s pay-to-play crypto strategy

Trump’s crypto enterprise has drawn criticism from Democrats, ethics watchdogs, and even the Securities and Exchange Commission over potential conflicts of interest and allegations of corruption. The contest to dine with the president has intensified those concerns, creating a bidding war for direct access to the Head of State.

Senator Richard Blumenthal, Democrat of Connecticut, has written a letter to Fight Fight Fight LLC, the company behind the coin, asking for answers. He claims possible conflicts of interest and violations of federal law.

Blumenthal said the event was not just another one of those whacky crypto promotions but something that raised serious ethical concerns.

The dispute is particularly heated because some of the largest investors of the meme coin are said to be from overseas. Reports indicated that many wallets were making massive purchases via offshore crypto exchanges unavailable to US users. This raised questions about money from overseas gaining special US access to the president of the US.

Critics have voiced concerns that the event could be skirting campaign finance regulations by offering valuable access to Trump in return for financial contributions—albeit through unconventional means rather than traditional campaign donations.

Still, the Trump campaign and the businesses connected to it say they abide by all rules. A spokesman said the president’s crypto assets are in a trust managed by his children and are separate from campaign operations.

TRUMP coin reacts to NFT rewards and market surges

The $TRUMP cryptocurrency was created in mid-January and boasts a market capitalization of over $2bn after months of investors buying into the heavily promoted coin. A Trump family-linked company and another firm own a majority of the coins.

The TRUMP meme coin project is teasing an additional reward beyond the dinner — digital collectibles.

The project announced that everyone who kept the same number of tokens as they had at the end of the contest would receive a Trump Diamond Hand limited edition NFT, which is described as very special and rare.

This news led to another surge in price, with some market watchers reporting a 71% rise in TRUMP’s price on their terms upon announcement. Yet, the token is still extremely volatile.

Crypto analysis company Chainalysis said 58 TRUMP meme coin wallets have more than $10 million in earnings per wallet. But there’s also been a downside to the buzz. CNBC reported that some 764,000 wallets are underwater on the token.

The TRUMP coin was among the meme-inspired political tokens that proliferated in a wave of speculation launched by Fight Fight Fight LLC. It builds off the momentum of Trump’s recent effort to court younger voters and digital-first supporters, but it also underscores just how murky the world of crypto-politics can be.

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