Trump Hosts Crypto Gala Amid Ethics Concerns
Key Takeaways
Donald Trump is planning an exclusive gala dinner for the 220 largest holders of the TRUMP token. The event is scheduled for May 22 and is already sparking political debate. Critics accuse Trump of linking political power with financial interests. At the same time, the crypto market is showing skepticism: the TRUMP token is losing value, despite similar announcements in the past having triggered price increases.
Trump Invites Token Holders to Gala
Donald Trump announced via his platform Truth Social that he will host a gala dinner on May 22 for the 220 largest holders of his official cryptocurrency project, TRUMP. The invitation is exclusively for the token’s top supporters. According to Trump, the goal is to highlight the importance of cryptocurrencies in the United States.
Political and Ethical Criticism
The announcement is drawing bipartisan criticism. The organization Accountable.US warns of a potential misuse of political power. The accusation: wealthy investors could buy political influence through the purchase of TRUMP tokens. Particularly concerning is the possibility that foreign investors may also be involved.
Senator Elizabeth Warren also voiced criticism. She demands that all decisions made by the U.S. Securities and Exchange Commission (SEC) regarding Trump’s media company or his financial interests be made independently and free from political influence.
TRUMP Token Loses Value
Despite the media attention, the TRUMP token is currently experiencing a decline in value. At the time of reporting, the token was priced at USD 10.69 — a decrease of 3.76% within 24 hours. Other meme coins like Dogecoin (DOGE) and Pepe (PEPE) are showing similar trends. The overall meme coin market shrank by 1.1% to USD 55.2 billion.
This decline contrasts with a previous price rally, when the TRUMP token surged by 60% following a Trump announcement. At that time, the price rose from USD 11.07 to USD 13.60 before a correction set in. Large investors (“whales”) bought heavily during that phase — a sign of speculative optimism that now appears to be fading.
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Meme Coins and Political Intentions
Trump’s involvement in the crypto space extends beyond the TRUMP token. His statements suggest that he views cryptocurrencies as a strategic tool in geopolitical competition — particularly in comparison to China. However, it remains unclear whether his activities are truly aimed at fostering innovation or driven by personal interests.
Our Assessment
Trump’s gala for TRUMP token holders is an unusual move that raises both political and economic questions. While he positions himself as a crypto advocate, the line between political strategy and personal gain remains blurred. The token’s price trend shows that the market is reacting with increasing caution. For investors, this means: monitor developments closely, factor in political risks, and avoid relying solely on short-term price gains. The intersection of cryptocurrencies and political power is a sensitive issue — transparency and regulation are crucial.
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