JAKARTA The buyer of the $TRUMP meme coin published by US President Donald Trump will soon find out if they have won the opportunity to have dinner with the president

The event, promoted by Trump on social media as "the World's Most EXCLUSIVE Court," promised top $TRUMP coin holders 220 people to be invited to a gala dinner with the president.

JAKARTA - The buyer of the $TRUMP meme coin will soon find out if they have won the opportunity to have dinner with US President Donald Trump at his golf club outside Washington, DC, on May 22.

The event, promoted by Trump on social media as "the World's Most EXCLUSIVE Court," promises to invite the top $TRUMP coin holders - 220 people - for a gala dinner with the president. Meanwhile, the top 25 holders will also receive an "ultra-exclusive private VIP prescription" with the president as well as a "Special VIP Trench."

According to the GetTrumpMemes.com website, the winners will be selected based on their "time-weighted" $TRUMP coin, which counts from the announcement time of the contest on April 23 to the deadline on May 12.

On Friday, the top $TRUMP coin holder was calculated at a time of up to 160 million US dollars in coin form, according to crypto intelligence firm Inca Digital.

The coin price had jumped to USD 75 after Trump announced the launch of the coin at the weekend of its inauguration, before dropping to USD 7.50. On Sunday, May 11, the $TRUMP coin was trading around USD 14.

The largest holder of the $TRUMP meme coin on the rating board on Sunday was a wallet called the "SUN" with nearly US$18 million in coin form with a time calculation. The wallet is owned by the Seychelles-based crypto exchange, HTX, according to blockchain analysis firm Arkham.

After Trump won the election, Justin Sun, a crypto entrepreneur born in China, invested USD 75 million into Trump's family cryptocurrency project, World Liberty Financial. Sun is also an advisor to the project. In February 2025, the US Securities and Exchange Commission (SEC) suspended the fraud case against Sun, citing the public interest.

However, criticism arose regarding the $TRUMP meme coin, which is considered to provide foreign individuals with personal access to buy direct access to Trump. This sparked complaints from Democratic lawmakers to the SEC.

Several government ethics experts say that the $TRUMP meme coin allows anonymous foreign individuals to buy personal access to Trump, which could lead to ethical issues.

The Democratic Senator from Connecticut, Richard Blumenthal, opened an investigation into whether Trump's crypto company violated government ethical requirements. Another Democratic Senator, Chris Murphy, proposed a law aimed at ending the president's and members of Congress' ability to benefit from crypto assets.

Another concern is Trump's way of apparently loosening law enforcement against crypto, while his family has the potential to gain financial benefits from the sector. In April 2025, the US Department of Justice (DOJ) dissolved their crypto law enforcement unit.

Since the launch of the $TRUMP meme coin, large investors have made a huge profit. More than 60 large wallets have earned about $1.5 billion, with profits reaching US$48 million following the announcement of dinner in April, according to Inca Digital and crypto observer Bubblemaps. At least the two biggest investors in the $TRUMP contest earned more than $10 million each.

However, about 600,000 other wallets suffered a loss of USD 3.87 billion, with 117 million in losses following the announcement of dinner. Purchases were made at the secondary market, meaning the Trump family raised relatively small costs from the transaction.

The $TRUMP meme coin is part of a series of Trump family crypto businesses, including trading platform World Liberty Financial, crypto ETF from Trump Media & Technology Group, crypto mining operations, American Bitcoin, and stablecoins pegged with US dollars called USD1.

While the $TRUMP meme coin attracts many investors, especially those looking to get a rare opportunity to have dinner with Donald Trump, the controversy and accompanying ethical issues are non-negligible. Many are concerned about the potential conflict of interest and the impact of policies that could affect crypto regulation in the US. With the value of the $TRUMP coin market now reaching 2.74 billion US dollars, the situation is increasingly fueling debate over transparency and financial influence in politics.

News data source: kdj.com

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