Trump Meme Coin Draws Attention As Crypto-Focused Dinners Projected To Draw Millions

President Donald Trump is leaning into crypto as a fundraising tool, with two events projected to generate millions in donations, despite his claim of earning no personal profit from the sector.

What Happened: The first event, a $1.5 million-per-plate fundraiser on May 5, is hosted by MAGA Inc. and will feature prominent tech investor and ‘crypto czar’ David Sacks.

The second, scheduled for May 22, targets holders of the Trump-themed meme coin OFFICIAL TRUMP TRUMP/USD.

The top 220 token holders will be granted dinner access, with exclusive perks for the top 25. The announcement has fueled speculation and price action with the TRUMP token soaring over 50% following the news.

CNBC reported on Monday that the token has generated over $324 million in trading fees, with roughly 80% of the supply linked to Trump-affiliated wallets.

Critics have raised concerns that the setup allows wealthy and possibly foreign actors to buy access to the former president.

The official site notes that Trump's attendance isn't guaranteed and reserves the right to cancel the event for any reason, in which case attendees will receive a Trump NFT instead.

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Why It Matters: In a Sunday interview with ‘Meet the Press’ moderator Kristen Welker, President Trump stated plainly that he does not benefit from crypto while stressing the strategic importance of the U.S. leading in the digital asset space.

"If we don't do it, China will," he added.

He acknowledged crypto's growing popularity and resilience, particularly in contrast to recent turbulence in traditional markets, "It's very popular. It's very hot," he remarked.

When asked about the meme coin bearing his name, Trump claimed he was unaware about any of the details.

He declined to commit to donating any crypto-linked earnings, though he noted that he already donates his presidential salary, a sizable gesture he says not any other has made.

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