Written by: Lance Datskoluo

Translated by: Chopper, Foresight News

A legendary boxing champion, a host of financial geniuses, the President of the United States, and the first 297 holders of the TRUMP Meme coin will gather at Mar-a-Lago in Florida on April 25 for a cryptocurrency summit and grand luncheon hosted by Trump, which is promoted as "an event to savor for a lifetime!"

According to information on the official website, the lineup of celebrities attending includes heavyweight boxing champion "Iron" Mike Tyson, life coach Tony Robbins, and Trump himself has confirmed his attendance.

In addition, major financial figures such as Ark Invest CEO Cathie Wood, venture capitalist Tim Draper, and Founders Fund partner Joey Krug will also be present.

From the cryptocurrency industry, attendees include Tether CEO Paolo Ardoino, Anchorage Digital CEO Nathan McCauley, Upbit founder Chi-Hyung Song, and a16z partner Arianna Simpson.

MEXC Research chief analyst Shawn Young told DL News: "This grand event demonstrates that the Trump family has been exploring new ways to reward their loyal supporters, which is a good thing."

Despite the extravagance promoted by the organizers, the TRUMP Meme coin only saw a slight increase after Trump announced the event, and its price has plummeted 96% from its peak in January 2025, currently priced at $2.84.

"The Trump Meme coin luncheon might rekindle market interest in the cryptocurrency industry, but most people do not expect this speculative asset to drive a new wave of trading," Young said.

This event is the second banquet organized by the TRUMP Meme coin team, and with just a few months left until the midterm elections in November, the Trump family's cryptocurrency business project is facing increasing scrutiny from lawmakers.

The Second Grand Event

The first TRUMP coin holder's gala was controversial.

In May 2025, the top 220 holders of the token's holdings attended a similar event at the Trump National Golf Club in Virginia.

Democratic lawmakers, led by Senator Elizabeth Warren, criticized the event as "corruption resembling a quid pro quo."

Democrat Chris Murphy, who proposed banning officials from issuing Meme coins, said the luncheon was "seriously problematic." He warned that this could allow wealthy foreign powers to bypass normal diplomatic channels and directly lobby the President.

White House Press Secretary Karoline Leavitt responded at the time that there was nothing wrong with the dinner.

"Anyone suggesting the President is using his position for personal gain is ridiculous," she stated, "The President achieved great success before dedicating himself to public service."

This year's event is larger in scale and impact.

The invitation list has been expanded to the top 297 holders, with the top 29 participating in a "VIP reception," where they will be greeted by their "favorite President" and celebrity guests.

These 29 top holders will also receive Trump-branded perfume, commemorative posters, trading cards, and a wristwatch.

The entity operating the TRUMP coin official website, Fight Fight Fight LLC, has not responded to DL News' inquiries about the Democratic criticism.

"There will be no arrangements for private meetings with the President, nor will there be any fundraising activities," the TRUMP coin official website stated.

Infighting Among Fan Base

When last year's gathering was held, the cryptocurrency industry was booming, and Trump's pro-crypto policy had pushed Bitcoin to historic highs.

Justin Sun, the founder of the TRON blockchain, was the largest holder of TRUMP coins last year (worth $40 million) and became the center of attention.

In a video shared on X, Sun, dressed in a tuxedo, thanked the Trump administration for everything done for their industry.

But now, the situation is different. The cryptocurrency industry is in a slump, with the entire market cap evaporating by about $2 trillion, affecting mainstream tokens as well.

Some of Trump's staunchest supporters, such as Sun, have turned against another cryptocurrency project of the Trump family, World Liberty Financial.

Last Sunday, Sun tweeted multiple times, accusing World Liberty Financial of secretly manipulating user funds, arbitrarily freezing assets, and treating the crypto community as a "private ATM."

In response, World Liberty Financial stated that Sun was "playing the victim" and "making baseless accusations to cover up his own wrongdoing."

"See you in court, buddy!" World Liberty Financial wrote on X.