Donald Trump is preparing for dinner with holders

On May 22, a meeting of US President Donald Trump and 220 largest holders of Trump Memcoin is planned. The event will be held at the Trump National Golf Club Golf Club, Virginia. According to Fortune, a solemn dinner caused a flurry of criticism to Trump-experts call such schemes corruption, and the community organizes a protest at the golf club where the meeting will be held, reports RBC Crypto.

The gathering of guests is scheduled for 17:30 local time (00:30 Moscow time). A strict dress code is prescribed, evening dresses are required for women. In a letter of the organizers, the event is called “a unique memorable evening with the 47th president of the United States.”

The organizer of a closed dinner with Trump Memcoin holders is a long -standing partner of Donald Trump Bill Zanker, an entrepreneur participating in the launch of the sales of registered non -replaceable (NFT) tokens. According to Bloomberg, it is he who stands behind the company Fight Fight Fight LLC, which controls the site of the Trump Memcoin, supervising marketing.

According to the Chainalysis analysis, more than $ 300 million have already earned on Trump, most of which, according to Bloomberg, are distributed between structures related to Trump and Zankiner. 80% of the issue is assigned to companies related to the US President. Zanker products (hours, sneakers, perfumes) are also sold on sites under the Trump brand and payment is accepted everywhere in Trump.

The price of token

An invitation for holders of tokens for dinner with the head of the United States appeared on the site of the Trump Memcoin at the end of April, when the price of token was about $ 9.3. In less than a week after the appearance of information on the site, the price of Trump increased by almost 80% to $ 16.5 to April 27, after which it rolled away by about $ 11 to May 4. After that, on May 5, Trump confirmed the plans for dinner by publishing this post on his social network Truth Social, which coincided with the beginning of the next growth of the quotations.

One cryptotraider told Bloomberg how he received an invitation to dinner, correctly calculating the Token TRAVETUALTUALIATY at the time of the rating. Together with his friends, he entered the top-220 holders of Trump token, which guaranteed participation in the event on May 22. According to him, with the help of a bot, they tracked the leaders table, calculated the necessary volume and time of holding tokens. They also insured positions through hedging positions for the same amount for which tokens bought (about $ 55 thousand). After the selection, the assets sold and closed shorts. The total expenses amounted to about $ 1200 per person, mainly on trading commissions.

Who will be at dinner

According to Fortune, among the guests is the founder of Tron Justin San (according to him, he is the largest holder Trump), a representative of the Singapore crypto company Memecore and the Australian investor Kain Warwick. At the same time, 18 of the 25 largest holders of token previously interacted with the Binance exchange, which may indicate the predominance of foreign participants.

At the end of May, Forbes magazine called San as the Savior of another Trump crypto project – World Liberty Financial (WLF), which brought him a profit of $ 400 million.

Like the Trump Memcoin, WLF has encountered the same criticism in the organization of the corruption scheme. As the Senator from Connecticut Chris Murphy noted in early March, “Trump, in fact, published his payment account so that anyone could secretly transfer as much money as he wants.”

Other market participants express a similar opinion. According to Robert Weissman, a representative of the Public Citizen non-profit organization, which organizes a protest near a golf club: “Trump’s cryptocurrency business is one of the most corrupt innovations in American political history.”

In 2024, it was Public Citizen that crypto companies spent “unprecedented” amounts of promotion of pro-Critical candidates for the US presidential election in November 2024.

The White House criticized that “the president is working to make profitable transactions for Americans, and not for himself.” President’s son Eric Trump, commenting on protests in a conversation with Fortune, said that “most protesters are paid.”

Experts have already noted that from a legal point of view, the corporate structure of Trump cryptocurrency organizations includes several levels, protecting the president from any potential court claims if something goes wrong.

“He can say:“ You can’t sue me because I am not involved, ”said Jorda Angel Georgetown, professor of Georgetown.

Trump as a tool

A couple of weeks after the launch of Trump (at the end of January), Public Citizen filed an official complaint to the Ministry of Justice and the Government Ethics Office that Trump promoted his token through social networks. The organization indicates that by means of tokens Trump receives personal benefits, which is prohibited by law.

In early May, the US Senate began an investigation into Trump’s cryptocurrencies and a business around Trump Token. And Senator Richard Blmental sent requests in the company related to the presidential crypto projects, including the release of Trump Memcoin, demanding to reveal the property structure, investment sources and possible connections with foreign citizens and governments.

There are also experts in the crypto community who indicate insider transactions in the first minutes of token launch. And the founder of the Ethereum blockchain Vitalik Buterin believes that political memcoirs are a means for unlimited bribes, including from foreign states.

“The risk of political coins is due to the fact that they are an ideal means of bribery. If politicians release a coin, you do not even need to send them coins to give them money. Instead, you just buy and hold the coin, and this passively increases the cost of their possessions, ”Buterin wrote a few days after the trump in late January.

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