U.S. President Trump is holding a private dinner at a golf club in Washington, D.C., specifically hosting over 200 top holders of his personal meme coin $TRUMP. Before departing for the dinner this morning, he spoke on Truthsocial, stating
We are dominating the Bitcoin and cryptocurrency space, and we will maintain this status.
The market is curious whether he will announce more positive news at the dinner?
TRUMP Meme Coin Luxury Night Banquet, What Did Trump Say?
Although the organizers strictly kept the dinner process confidential and did not provide live streaming, sporadic information shared by some attendees through social media still allowed outsiders a glimpse into this "meme coin luxury night banquet".
TRON blockchain founder Justin Sun posted a video of Trump's formal appearance around 8:30, drawing cheers from the scene. Other known attendees reportedly include Jihoz.ron, co-founder of Ronin Network, Jack Lu, CEO of Magic Eden, Kain Warwick, founder of Australian crypto company Infinex... who were invited as top-tier holders.
However, multiple sources indicate that while Trump did speak to attendees, he did not release any substantial new information, mostly reiterating his consistent stance on cryptocurrency issues. For instance, he again claimed the U.S. would lead the "cryptocurrency industry" and criticized former President Biden's policies as "unfavorable to cryptocurrency development".
This was not entirely unexpected, as many attendees' primary purpose might have been the opportunity to have a close encounter with Trump through the meme coin ticket.
On the other hand, during the banquet, numerous protesters outside were shouting "shame", condemning Trump for mixing presidential position with personal business interests and using cryptocurrency activities to benefit himself and his family.
TRUMP Drops from Daily High
In terms of token price, $TRUMP nearly approached $16 before the event started but faced selling pressure during the activity, dropping 12% from the daily high, closing at $14.4 at the time of reporting.
For Bitcoin, after successfully breaking the $110,000 mark and creating a new historical high yesterday, it is currently challenging whether it can break $112,000, temporarily reported at $111,291, oscillating narrowly at the high point.
