Published 8 months ago • loading... • Updated 7 months ago

Trump’s meme coin business racks up fees as buyers jump at the chance for access to the president

On May 22, 2025, Trump held an exclusive fundraiser at his golf club near Washington, D.C., where leading holders of his meme cryptocurrency were invited to attend and interact with him.
The dinner followed the launch of Trump's meme coin earlier in 2025, which the team aggressively promoted as a way to access the president, causing trading activity and price spikes.
The event required a $1.5 million per person fee, allowed top 220 coin holders to attend, and gave the top 25 holders access to a pre-dinner reception with Trump.
Chainalysis reported the coin generated over $320 million in fees since launch, including more than $1.3 million in one week after the dinner announcement, while Trump downplays tracking profits or price fluctuations.
Critics, including Democrats, voiced concerns that the coin's pseudonymous nature could allow bad actors to influence Trump, highlighting ethical questions about mixing his political role with personal finances.

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