š½ļøš° Trumpās Crypto Dinner Deal: ā¹40 Lakh Entry Fee? š¤Æšø
- MediaFx
- 3 hours ago
- 2 min read
TL;DR:Ā Former US President Donald Trump has announced a private dinner for the top 220 holders of his $TRUMP meme coin, causing the coin's value to surge by over 70%.Ā The exclusive event, set for May 22 at Trump's Washington golf club, includes a VIP reception and White House tour for the top 25 holders.Ā Critics argue this move blurs the line between politics and personal profit, raising ethical concerns.ā
ššø Want to Dine with Trump? Just Buy ā¹40 Lakh Worth of His Coin! š²
In a move that's turning heads worldwide, former US President Donald Trump has unveiled an exclusive dinner invitation for the top 220 holders of his $TRUMP meme coin.Ā This announcement has sent the coin's value soaring by over 70%, reaching its highest level since early March.Ā ā
The dinner, scheduled for May 22 at Trump's private golf club in Washington, D.C., promises an intimate gathering where attendees can discuss the future of cryptocurrency with the former president. The top 25 coin holders will receive additional perks, including a VIP reception and a special White House tour. ā
šš¹ Coin Value Skyrockets Amidst Exclusive Dinner Announcement š
Following the dinner announcement, the $TRUMP coin experienced a significant surge, with its value increasing by up to 71% on Wednesday. The token reached an intraday peak of $16.17 before settling at $13.39. Business InsiderĀ This surge comes after the coin had previously lost much of its value since its launch just before Trump's January inauguration.ā
The leaderboard determining dinner invitees is based on average coin holdings from April 23 to May 12.Ā As of the latest update, the top holder owns 400,000 tokens valued at $5.2 million.Ā
š§š¬ Critics Question Ethics of Mixing Politics and Personal Profit āļø
The dinner invitation has drawn criticism from ethics watchdogs and lawmakers who argue that it exemplifies the use of political influence for personal financial gain.Ā Tony Carrk, executive director of Accountable.US, stated that Trump is "openly inviting investors to have a bidding war over who can buy the most access to him while he laughs all the way to the bank."Ā
The $TRUMP coin is part of a broader push by Trump and his family into cryptocurrency ventures, including launching the exchange World Liberty Financial and expanding Trump Media & Technology Groupās crypto finance operations.Ā ā
š MediaFx Opinion: A Dangerous Precedent for Political Ethics šØ
From a working-class, socialist perspective, this development is deeply concerning.Ā It sets a dangerous precedent where political access is effectively auctioned off to the highest bidder, undermining democratic principles and exacerbating economic inequalities.Ā Such actions blur the line between public service and personal profit, eroding trust in political institutions.ā
The intertwining of political influence and personal financial gain through cryptocurrency ventures like the $TRUMP coin raises serious ethical questions. It highlights the need for stricter regulations and transparency to prevent the exploitation of political positions for personal enrichment.ā
