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Trump hosts crypto contest winners at Mar-a-Lago as his coin languishes

The top 297 holders were invited, and the top 29 received a VIP reception, as $TRUMP fell 96% from its peak, Reuters reported.

  • On Saturday, April 25, 2026, President Donald Trump hosted 297 top $TRUMP token holders at his Mar-a-Lago Club in Palm Beach, Florida, delivering the keynote address at an exclusive conference billed as the 'most exclusive' crypto gathering.
  • The event coincided with intensifying scrutiny of the Trump family's crypto ventures after a Reuters examination found the family generated at least $336 million in meme-coin sales during the first half of 2025.
  • While the 297 winners hold roughly $29 million in $TRUMP, the token has plunged over 95% from its peak; attendees received Trump-branded items including a 'Fight Fight Fight Red Beauty' watch.
  • Democratic leaders have demanded investigations into the family's ventures, while Trump told reporters he feels an 'obligation' to support the crypto industry, calling it 'somewhat mainstream.'
  • Investors have expressed frustration with the venture, citing unresponsiveness and frozen holdings, while crypto billionaire Justin Sun sued the company on Tuesday, alleging it improperly froze his assets.
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crypto.news broke the news on Friday, April 24, 2026.
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