Trump personally attended the $TRUMP Meme Coin official dinner: another "breakthrough" collision between politics and encryption

Amid the frenzy in the cryptocurrency market, US President Donald Trump has once again become the focus. On the evening of May 22, local time, Trump personally hosted a private official dinner themed after his named Meme coin, $TRUMP, at the Trump National Golf Club in Washington, DC, which attracted widespread attention from the global investment circle and crypto community.

The dinner was mainly invitation-only and only open to the top 220 wallet users of the $TRUMP coin rankings, and the top 25 "top players" received VIP treatment for face-to-face communication with President Trump. It is reported that the dinner will start at 5 pm Eastern Time, and the main meal time will be from 6 pm to 9:30 pm. Live broadcast and video equipment are prohibited throughout the event. Although mobile phones are allowed, the level of confidentiality of information is still quite high.

Although photography was officially prohibited, some attendees still posted photos of the event on social media, sparking heated discussions. Well-known figures in the crypto industry, such as TRON founder Justin Sun, Ronin Network co-founder Jihoz.ron, and Magic Eden co-founder and CEO Jack Lu, also posted photos and checked in, which indirectly confirmed the heavyweight lineup of the dinner.

According to on-chain data, the number of $TRUMP coins held by the top 20 addresses ranges from 200,000 to 1.4 million, and some users have already started to "hoard coins" a month ago. It is estimated that the average cost of each user to obtain a seat at the dinner is about $1.7 million, and the total investment amount reaches a staggering $148 million. However, behind the excitement, the market is both hot and cold: analysis shows that although these users have the opportunity to communicate face-to-face with the former president, about 43% of the invitees have accumulated a net loss of up to $8.95 million in $TRUMP coin transactions.

This incident quickly sparked public discussion. Some supporters believe that Trump's personal participation once again demonstrated his keen sense of smell for emerging technologies and financial innovations, "whether in politics or in the market, he can always catch the hot spots." Some netizens also questioned this, believing that Meme coins are linked to high-risk investments, and excessive involvement of politicians may cause regulatory concerns, "Is Trump being president, or being a KOL in the currency circle?"

The deep binding of cryptocurrencies and politicians is no longer new, and this $TRUMP coin official dinner has undoubtedly pushed this phenomenon to a new height. Is this another wave of market frenzy or a new fusion of capital and politics? The answer may only be revealed after the market cools down.