"Even after a 93% crash, they flocked to it"…Trump meme coin dinner, 'access rights' bought with money

"Even after a 93% crash, they flocked to it"…Trump meme coin dinner, 'access rights' bought with money

▲ Donald Trump, Trump Coin (TRUMP)/AI generated image ©

Investors in meme coins that have plummeted are gathering again. It's a sign that even though the price has collapsed, the value of 'access rights' is still active.

According to cryptocurrency media Bitcoinist on April 25 (local time), up to 297 top investors holding the Trump-related meme coin Official Trump are expected to attend a private dinner at the Mar-a-Lago resort in Florida, USA. This event is called the 'Meme Coin Millionaire Exclusive Dinner,' and critics argue that it is essentially a structure for purchasing political access opportunities through coins.

In particular, some investors reportedly qualified to attend with an investment of only $500. Investors who attended a similar event in 2025 with a $1,200 investment were able to re-enter this time at a much lower cost. However, the market sentiment has changed. Amid tariff policies and a weak cryptocurrency market, investor confidence in Trump is reportedly lower than in the past.

The meme coin in question has plummeted from its peak. Official Trump has fallen from a high of approximately $45 to below $3, a drop of over 93%. As of the time of reporting, the price is around $2.56.

The list of attendees includes key industry figures. Paolo Ardoino, CEO of Tether, Song Chi-hyung, founder of Upbit, Anthony Pompliano, and Nathan McCauley, CEO of Anchorage Digital, are known to be attending. However, Tron founder Zhao Changpeng is not—instead, it is noteworthy that Tron founder Justin Sun, despite being the top holder, has not disclosed his attendance.

Justin Sun recently filed a lawsuit against a platform co-founded by the Trump family. He claimed that the platform froze his tokens and threatened to burn them. At the same time, he stated that he is a Trump supporter and took issue with the actions of some internal personnel.

This event has also sparked controversy over conflicts of interest between politics and cryptocurrency. Civic groups criticized the structure as providing access opportunities through financial products from which the president directly profits. Some groups pointed out that the flow of funds in wallets related to these tokens is opaque, making it difficult to track the actual scale of profits.

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