Trump II, the digital Caligula dangled dinner with him as incentive for people to buy and hold his memecoin. Trump launched his official memecoin just days before his coronation.
His contest will have "fierce competition" that benefits Trump's pocketbook. Winners get to hear from the "Coin Master":
President Donald J. Trump is Known as the “Crypto President!” At this Intimate Private Dinner, Hear First-Hand President Trump Talk about the Future of Crypto.What did the announcement do? The picture is clear as day.
Trump pumps and wins two ways. It increases the value of his memecoin holdings and Trump entities make money off trades.
Having worked for someone like Trump, I expect there is tremendous pressure for his crypto people to participate in the contest. How much will David Sachs buy? Will any of his "All In" podcast peers join in given their love for crypto and newfound allegiance to Trump? Are they in?
Wealthy people wishing to influence Trump make the pilgrimage to Mar-a-Lago. How many nights do they have to stay to get an audience with the Donarch? For some, I imagine the bill adds up.
Fee-ification, game-ification and pump-ification are alive and well. I'm afraid that is our future.
Update 4-25-25: WaPo reported Trump family holdings went up $100 million from the dinner pump, while increased trading generated $1.25 million in fees which go to Trump owned organizations.
The SEC held its third Crypto Task Force Roundtable. One speaker said a peer-to-peer payment system is not a good fit for fiduciary investment accounts.
Update 4-27-25: Trump's memecoin is trading at $14.95, hitting $16 over the weekend. NBC reported insiders earned $900,000 in two days after the game dinner was announced.
There may be many marks, patsies, suckers or gulls on the buy list but the people at the top are there to buy influence, pure and simple. White House for sale...
Update 5-7-25: $TRUMP is currently trading at $10.86. Most of the contest leaderboard wallets are foreign.
Buyers of U.S. President Donald Trump’s $TRUMP meme coin spent an estimated $148 million in the contest to win the opportunity to dine with the president at his private golf club outside of Washington, D.C. on May 22
Update 5-23-25: The dinner happened and to date the White House has not released a guest list for the event. CNN reported on some of the attendees. CBC reported meme-coin buyers spent $148 million for a seat at the Trump dinner table.
the four largest investors also received a limited edition Trump Tourbillon watch that sells for $100,000
