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Donald Trump’s lavish gala dinner for high holders of the TRUMP meme coin has sparked a fierce backlash, with Democrats calling it an “orgy of corruption” and warning of overseas affect and pay-to-play dangers.
Excessive-profile company on the occasion included TRON founder Justin Solar, the biggest recognized holder of the token, Magic Eden CEO Jack Lu, and BitMart CEO Sheldon Xia.
They have been served upscale dishes like filet mignon and molten lava cake, and obtained $100,000 Trump-branded watches, elevating alarm over potential political favoritism and pay-for-access.
Honored to be on the Trump Crypto dinner with @GetTrumpMemes
Going to be an awesome evening! pic.twitter.com/H4fBZbtxKf
— Jack (@0xLeoInRio) Might 22, 2025
Democrats are demanding the White Home launch the complete record of company, citing moral and nationwide safety dangers.
Senator Elizabeth Warren known as the occasion an “orgy of corruption,” warning that the general public has no thought who’s shopping for affect with the president or what they is perhaps receiving in return.
Protesters gathered on the Trump Nationwide Golf Membership to denounce the occasion, carrying indicators that embody ”America will not be on the market,” and ”cease crypto corruption.”
Attendees Invested $148M In Trump Coin To Attend Dinner
Attendees had invested an estimated $148 million within the TRUMP meme coin to earn their seats on the dinner, with greater than $111 million of that from the largest 25 consumers.
Investments in TRUMP by attendees had ranged from a excessive of $37.7 million to a low if $55,000, in keeping with Nansen. Over half of the 220 attendees have been from outdoors the US, intensifying issues about overseas affect.
The White Home spokeswoman Karoline Leavitt responded to criticism of the dinner by saying that the entire president’s property are held in a blind belief that’s managed by his kids.
Though the White Home stated Trump attended in a private capability, he spoke from a podium that includes the presidential seal and ended the evening dancing to “YMCA.”
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