There is a weird crypto contest to win a dinner with Trump

Nearly $150 million was reportedly spent by participants in a contest where entrants had to buy meme coins featuring Trump for a chance to win dinner with him.

Buyers of $TRUMP meme spent US$148 million to win dinner with U.S. President Trump

— CTV News (Unofficial) (@ctvnews-rss.bsky.social) 2025-05-12T19:10:50.839300+00:00

However, not all participants were offered this chance: only the 220 highest contributors to the contest were awarded a place at a gala event scheduled for May in Washington D.C., which Donald Trump is due to attend.

And among these 220 largest donors, the top 25 will be treated to dinner at an “ultra-exclusive VIP reception” in the presence of the President, as well as a “special VIP tour”.

It’s worth noting that the $TRUMP corner meme was launched on January 17, 2025, just three days before Donald Trump was sworn in as the 47th President of the United States.

The launch quickly came under heavy criticism, not least because of its timing, but above all because of the possible ethical implications it raises.

$TRUMP meme currencies soared to $75 a few hours after Trump’s announcement on his inauguration weekend, before dropping to less than $8.

The $TRUMP is currently trading around $14, but since its launch in January, nearly 600,000 wallets have accumulated losses totaling $3.9 billion, according to Inca data reported by CTV News.

This content was created with the help of AI.