Trump offers private dinner to top 220 investors in his memecoin
President Trump announced a private dinner for the top 220 holders of his memecoin, causing the token’s price to spike 58% within an hour. The event raised significant concerns about potential market manipulation and foreign influence, prompting calls for DOJ and congressional investigations from Congressmen Sean Casten, Adam Smith, and Jamie Raskin. Notable investigations highlighted that 19 of the top 25 memecoin holders were likely foreign nationals, including Chinese billionaire Justin Sun, who owned over $18 million worth of the token.
Key Actors
Sources (4)
- Trump memecoin spikes 58% in value after top holders are promised a private dinner with the president (2025-04-23)
- Congressmen Casten and Smith Demand DOJ Investigation Into Trump Crypto Dinner (2025-04-25)
- Inside the room at Trump's meme coin dinner (2025-05-30)
- Trump's Memecoin Dinner Questioned by Top Democrat on House Judiciary Committee (2025-05-28)
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