A crypto investor who paid simply $500 received a seat on the desk. That element alone tells you one thing in regards to the crowd gathering at Mar-a-Lago on Saturday.
A Token That Misplaced 93% Of Its Worth
Morten Christensen, who attended an analogous occasion in 2025 after a $1,200 wager on US President Donald Trump’s memecoin, scored his manner again in for a fraction of that value.
He’s candid in regards to the temper shift. “Trump is much less liked right now than he was after inauguration,” Christensen instructed Bloomberg.
“With the whole year of tariffs, crypto is bleeding, his reputation within the crypto community is not as good.”
The TRUMP token, formally known as Official Trump, has dropped greater than 93% from its all-time excessive of roughly $45 to below $3.
Supply: gettrumpmemes.com
Regardless of that collapse, as much as 297 high holders of the coin are anticipated to affix Trump at his Florida property for what organizers are calling the “Memecoin Millionaires Line Up for Trump’s Exclusive Luncheon” — a non-public gathering that critics say is actually about shopping for face time with a sitting president.
The visitor record reads like a who’s who of crypto finance: Tether CEO Paolo Ardoino, Upbit founder ChiHyung Music, Bitcoin advocate Anthony Pompliano, and Anchorage Digital CEO Nathan McCauley are all reported to be attending.
The Absent Title At The Prime Of The Leaderboard
One title is conspicuously lacking from the confirmed record. Tron founder Justin Solar sits atop the TRUMP memecoin leaderboard with 2.4 billion factors — greater than anybody else — but no public affirmation of his attendance has been made.
That silence comes after Solar filed a lawsuit this week in opposition to World Liberty Monetary, the crypto platform co-founded by Trump’s sons.
The Mar-A-Lago property. Supply: Airial | AI Journey Planner
Solar alleges the platform froze his tokens and threatened to destroy them with out legitimate cause. He described himself as an “ardent supporter” of Trump whereas blaming unnamed undertaking group members for appearing in opposition to the president’s values.
Ethics Watchdogs Increase Battle Of Curiosity Issues
Lawmakers and nonpartisan watchdog teams have criticized the Saturday gathering, arguing that Trump is utilizing a monetary product he personally earnings from to supply entry to the presidency.
The nonprofit Residents for Duty and Ethics in Washington went additional, declaring in a Friday put up that crypto wallets linked to the TRUMP token have moved cash in ways in which make it onerous to hint how a lot the president is incomes.
Featured picture from Getty Photos, chart from TradingView
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