'Burned along the way': Trump cost meme coin dinner guests millions in losses
President Donald Trump is hosting a dinner at his private gold club near Washington, D.C., Thursday night for the top holders of his $TRUMP meme coin, but a report in The Guardian says nearly half of his "winners" have lost millions on the cryptocurrency.
According to last month's announcement, the top 220 holders in a $TRUMP meme coin competition would win a ticket to a gala at the Trump National golf club. The top 25 holders would also get the chance to meet the president at a “Private VIP Reception” before the dinner, and the very top four would win a limited edition Trump Tourbillon watch that sells for $100,000.
The Guardian reported that the announcement "caused the coin to spike more than 50%."...
May 22, 2025