Trump’s Meme Coin Dinner: A Global Affair with Non-American Holders
Published: May 18, 2025 | By MacKenzie Sigalos
As the anticipation builds for President Donald Trump’s private dinner for top holders of the $TRUMP meme coin, recently revealed details indicate that a majority of attendees may be from outside the United States. The dinner, scheduled for May 22 at Trump’s golf club in Virginia, is expected to be a gathering of cryptocurrency enthusiasts, but the foreign dominance among the top token holders has raised eyebrows within the political and financial communities.
International Presence in $TRUMP Holdings
According to blockchain analytics firm Inca Digital, many of the wallets belonging to the top 275 holders of the $TRUMP token are linked to international cryptocurrency exchanges, particularly Binance, which does not cater to U.S. customers. This suggests that a significant number of these top holders likely reside outside the nation. An analysis by Bloomberg highlighted that 19 out of the top 25 wallets are believed to be operated by individuals based internationally, raising questions about the identities and motivations of those who have secured their place at the dinner with the U.S. president.
Prominent among the top holders is Justin Sun, a crypto entrepreneur from China who has publicly stated that he invested $75 million in the $TRUMP token, designed to allocate 75% of its proceeds to Trump-related enterprises. Reports indicate that Sun currently holds more than $18 million worth of the token, having made a significant purchase shortly after the dinner announcement. A spokesperson for Sun did not respond to requests for clarification regarding his wallet.
A New Era of Cryptocurrency Investment
The rise of the $TRUMP token, which first entered the market in early January 2025, is emblematic of the increasing intersection between cryptocurrency and political endeavors. The token reportedly reached a brisk $15 billion market capitalization at launch, driven in part by promotional efforts from Trump via social media platforms, including Truth Social and X. However, it has experienced notable volatility, with its market cap fluctuating significantly in the months following its introduction.
Recent blockchain data revealed that while over half a million wallets have collectively gained approximately $5.2 billion from the token, an even larger group of wallets, numbering around 593,000, have accrued losses of nearly $3.9 billion. This disparity underscores the unpredictable nature of meme coins, where early adopters may reap substantial rewards, while many others find themselves at a financial disadvantage.
Political Concerns Surrounding Foreign Investment
The involvement of international stakeholders in Trump’s cryptocurrency activities has drawn the attention of lawmakers. Senator Richard Blumenthal (D-Conn.), who sits on the Senate Subcommittee on Investigations, expressed concern that such foreign investments in the Trump family’s expanding crypto portfolio could potentially allow foreign interests to access U.S. political power.
In another example of international investment, Houston-based Freight Technologies disclosed its acquisition of $2 million in $TRUMP tokens in an effort to influence U.S.-Mexico trade policy. Though their aim is to promote fair trade practices, the company placed 250th in the leaderboard, thus missing the expected invitation to the dinner.
The $TRUMP Token and Its Future
The $TRUMP token is largely controlled by the Trump Organization and its affiliates, which own about 80% of the token’s supply. Despite its recent tumultuous journey in the market, the upcoming dinner with the president serves as a symbol of the growing entanglement between politics and cryptocurrency. The White House has reiterated that Trump’s financial interests are managed in a blind trust by his children, claiming no conflict of interest exists.
As the date for the dinner approaches, it remains to be seen how the presence of predominantly non-American holders will impact public perception and commentary on the relationship between cryptocurrency and political forces in America.
Share this article:
