Trump’s Lavish $TRUMP Coin Dinner Slammed As “Orgy Of Corruption”

Donald Trump’s lavish gala dinner for top holders of the TRUMP meme coin has sparked a fierce backlash, with Democrats calling it an “orgy of corruption” and warning of foreign influence and pay-to-play risks.

High-profile guests at the event included TRON founder Justin Sun, the largest known holder of the token, Magic Eden CEO Jack Lu, and BitMart CEO Sheldon Xia.

They were served upscale dishes like filet mignon and molten lava cake, and received $100,000 Trump-branded watches, raising alarm over potential political favoritism and pay-for-access.

Democrats are demanding the White House release the full list of guests, citing ethical and national security risks.

Senator Elizabeth Warren called the event an “orgy of corruption,” warning that the public has no idea who is buying influence with the president or what they might be receiving in return.

Protesters gathered at the Trump National Golf Club to denounce the event, carrying signs that include ”America is not for sale,” and ”stop crypto corruption.”

Trump’s Lavish Dinner Raises Transparency Questions

Protesters gathered outside with signs reading “America is not for sale,” and calling for full transparency. Although the White House said Trump attended in a personal capacity, he spoke from a podium featuring the presidential seal and ended the night dancing to “YMCA.”

Attendees had invested an estimated $148 million into the TRUMP meme coin to earn their seats at the dinner, with more than $111 million of that from the biggest 25 buyers.

Investments in TRUMP by attendees had ranged from a high of $37.7 million to a low if $55,000, according to Nansen. Over half of the 220 attendees were from outside the US, intensifying concerns about foreign influence.

While many attendees remain unknown, Tron’s Justin Sun confirmed his presence.

The White House spokeswoman Karoline Leavitt responded to criticism of the dinner by saying that all of the president’s assets are held in a blind trust that is managed by his children.

Related Articles:

  • Sui Network Rocked As Cetus Protocol Loses $223M In Massive Hack
  • New Cryptocurrency Releases, Listings, & Presales Today 
  • Hyperliquid Price Pumps 17% As Crypto Wallet ICO Head For $13M

Comments

Post a Comment

Popular posts from this blog

Hex Trust Integrates sBTC via SIP-010 to Enable Institutional Bitcoin DeFi Access

Hong Kong, June 11, 2025 – Coinscribble by Coinbound / Hex Trust , a leading digital asset financial institution specializing in custody, staking, and markets services, has announced support for SIP-010, the fungible token standard on Stacks, the leading Bitcoin L2. This move allows institutional clients to securely store, manage, and deploy SIP-010 tokens – including sBTC, a leading Bitcoin-backed asset for DeFi – within Hex Trust’s institutional-grade custody. sBTC Brings Programmability to Bitcoin sBTC transforms Bitcoin into a fully programmable asset, allowing investors to: Earn bitcoin yield Access on-chain lending Participate in decentralized finance All this is achieved while maintaining the security and transparency of Bitcoin. Driven by these innovations, sBTC has rapidly emerged as the asset of choice for institutions and DeFi protocols. Recent demand for sBTC is underscored by: A series of three cap raises, each f...
Read more

Hacker Who Drained $53,000,000 From DeFi Project Hits 93.5% Gain on Loot Amid Ethereum Rally: Onchain Data

Image
A crypto analytics firm says a hacker that drained tens of millions of dollars from a decentralized finance (DeFi) platform has recorded massive gains on his stash after Ethereum’s (ETH) latest rally. In a new thread on X, Lookonchain says that the bad actor who exploited the DeFi protocol Radiant Capital (RDNT) made away with massive profits after converting his stash of stolen goods to Ether. “The Radiant Capital hacker turned the stolen $53 million into $102.54 million by trading ETH, a profit of $49.5 million (+93.5%). Ten months ago, the hacker stole $53 million from Radiant Capital and swapped it all for 21,957 ETH. Recently, he began selling ETH for profit, selling 9,631 ETH ($43.94 million) at an average price of $4,562, leaving 12,326 ETH ($58.6 million).” Source: Lookonchain/X Ethereum is trading for $4,555 at time of writing, a 3.3% decrease during the last 24 hours while RDNT is valued at $0.0220, a 10% decrease on the day. Previo...
Read more

XRP Price Prediction: Why The Path to $10 Is Now Wide Open

Image
Ripple (XRP) is now working towards a new price angle. While the token has long been trading at $2 to $3 levels, XRP is yet to hit critical high points of $4 and $5, which may eventually help the asset gain wider momentum. With the US SEC vs XRP wrapped up, the token is now free to pursue all financial verticals, taking the charge to hit ambitious double-digit price ranges. Here’s when XRP can finally explore the $4 to $10 price range, with analysts weighing in on technical aspects helping the asset reach the aforementioned price spots. Also Read: Ripple Just Hit 1 Catalyst: 2 More Could Send XRP Price Soaring Analyst’s Opinion: XRP’s Path to $10 Source: Pixabay XRP price prediction is now becoming much more versatile. The older repetitive $2 to $3 price ranges have now started to mellow down, with analysts coming up with new, bold price predictions. For instance, Crypto King, a notable crypto analyst, has predicted a new price path hitting $7, which may soon become a reality. “XR...
Read more