The Saturday gathering brought together 297 of the largest TRUMP investors for what organizers described as an exclusive crypto and business conference.
Trump Memecoin news
Donald Trump's official TRUMP memecoin fell nearly 10% in 24 hours on Saturday, the same day he hosted a closed-door event at Mar-a-Lago for top token holders. The token was trading at around $2.67 at the time of publication. It remains more than 96% below its all-time high of $75.35, reached in early 2025.
The Saturday gathering brought together 297 of the largest TRUMP investors for what organizers described as an exclusive crypto and business conference, according to The Independent. A smaller group of 29 top holders attended a VIP reception with a champagne toast. A similar event took place in May last year, when the top 220 holders were invited to the Trump National Golf Club in Potomac Falls, Virginia.
Democratic Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff sent a letter earlier this month to Bill Zanker, the organizer behind the token. They questioned whether the conference was being used to imply personal access to the sitting president. The senators argued that promoting the event appeared tied to encouraging purchases of the token, which generates transaction fees for the president and his family.
"Organizers are promoting a conference by dangling access to President Trump to potential attendees, and in doing so, are encouraging purchases of his meme coin that will generate transaction fees for the President and his family, on a day he may not actually be able to attend," the letter read.
Reuters reported last year that the family generated more than $800 million from crypto asset sales in the first half of 2025, with total income for the period reaching approximately $864 million. Crypto ventures accounted for more than 90% of that figure.
World Liberty Financial contributed approximately $463 million through token sales during that period. The TRUMP meme coin generated roughly $336 million in additional earnings for the family. Reuters also estimated that the family holds potentially billions more in unrealized gains, with total crypto-related earnings potentially exceeding $1 billion.
The Mar-a-Lago event proceeded as the TRUMP token continued its decline, a pattern that has persisted even as high-profile gatherings tied to the project maintain public attention around the meme coin.
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