What Happened at Trump Crypto Dinner?

On May 22, 2025, at the Trump National Golf Club in Potomac, Virginia, a group of special guests arrived. 220 cryptocurrency millionaires held not traditional invitations, but proof of holdings of $TRUMP tokens worth $148 million – the only pass to enter the private dinner of the U.S. President.

This banquet adopts an unprecedented “on-chain competition” invitation mechanism: from April 23 to May 12, wallets holding the top 220 quantities of Trump’s official meme coin $TRUMP will automatically secure a seat.

Blockchain analytics firm Inca Digital’s data shows that the total market value of the nominees’ holdings reaches 148 million USD, with the top 25 “whales” accounting for 111 million USD.

All the secrets of the dinner party revealed.

As the “Marine One” helicopter landed on the golf club lawn, the scene inside featured the magnificent view of the Potomac River and gold leaf menus, while outside, a protesting crowd held up signs reading “Stop Encryption Corruption.” This dinner, denounced by Democratic Senator Jeff Merkley as the “Mount Everest of corruption,” began amid great controversy.

The menu features “Trump-style luxury”: heirloom tomato burrata salad, filet mignon with red wine sauce, pan-seared salmon, and chocolate mousse cake. However, according to CNBC, some attendees complained that “the food was terrible,” with some even leaving hungry.

The president’s appearance lasted only about 23 minutes. In a brief speech, he declared: “The Biden administration has persecuted encryption innovators, and we are bringing them back to their America.”

Who is splurging on admission tickets?

The guest list for the dinner has become the focus of the global encryption circle. Blockchain analysis reveals an astonishing distribution of funds:

• Justin Sun: The founder of TRON holds 1.43 million $TRUMP, valued at 20 million dollars, firmly in the top spot. As the focus of the dinner, he not only received a customized gold watch worth 100,000 dollars but also publicly thanked Trump for his support of the encryption industry during his speech.
• International Brigade Leading: Bloomberg analysis shows that 19 of the top 25 holders are non-U.S. nationals, with about 72% of total guests using overseas exchange wallets. Singapore company MemeCore ranks second with a position of 18 million USD, while Kane Warwick, founder of Australian Infinex, and Liu Wensen from Taiwan’s Kronos Research, among others, have made appearances.
• Anonymous whales and “line-stretchers”: A cybersecurity expert known by the alias “Ogle” entered in 22nd place, prompting inquiries from the Senate due to his masked identity. Meanwhile, the 220th ranked “lucky one” holds tokens worth only $60,000.

Token price rollercoaster: from crazy to calm

$TRUMP token’s Price Trend Become the barometer of this power game:

• Born at its peak: Launched on January 17, 2025, at only $0.5, it soared to an all-time high of $78.47 within two days, with a market capitalization exceeding $15 billion.
• Halved and sluggish: The price plummeted by 50% to $31.61 on January 20, and fell back to a low of $7 in mid-April.
• Dinner effect stimulation: After the announcement of the dinner plan on April 23, $TRUMP surged by 50%, with the holding coin competition driving the price from $7.5 back up to $15.
• Post-dinner callback: As the event comes to a close, the token experiences a “Sell the news” style sell-off, dropping 15.69% within 24 hours, retreating to around 12 dollars.

TRUMP token price prediction

Analysts have significantly divergent views on the prospects of $TRUMP:

• 2025 forecast: minimum $35, maximum $300, mostly around $100.
• 2030 Outlook: The range spans from $12 to $378, with the extreme differences reflecting its highly speculative nature.

Political influence is spreading into the legislative field. Democrats are trying to add a clause “prohibiting presidential family from trading encryption currency” in the GENIUS Act, but the bill is still advancing amid bipartisan negotiations.

Conclusion: Encryption and the Reconstruction of Power

As the Trump dinner came to an end, the encryption market was left with a profound mark: an investor using a pseudonym lamented on the X platform, “What we are buying is not just tokens, but the key to enter the sanctuary of power.”

This experiment has pioneered the “on-chain fundraising - offshore computing power” political fundraising paradigm. When White House policies are deeply intertwined with private token interests, the gray area between cryptocurrency and political power has been thoroughly activated.

As the vote on the stablecoin regulatory framework in 2025 approaches, this $148 million dinner may just be the beginning of the reshaping of the rules of the game in Washington by encryption capital.