The cryptocurrency investor who paid just $500 got a seat at the table. Those details alone tell you something about the crowd gathering at Mar-a-Lago on Saturday.
The symbol has lost 93% of its value
Morten Christensen, who attended similar It happened In 2025, after a $1,200 bet on US President Donald Trump’s memecoin, it came back for a fraction of that cost.
He’s frank about the mood shift. “Trump’s popularity is much lower now than it was after his inauguration,” Christensen told Bloomberg.
“With a full year of tariffs, cryptocurrencies are bleeding, and his reputation within the crypto community is not good.”
the Trump The token, officially called Official Trump, has fallen more than 93% from its all-time high of nearly $45 to less than $3.
Source: gettrumpmemes.com
Despite this collapse, as many as 297 major holders of the coin are expected to join Trump at his Florida home in what organizers are calling “a line-up of Memecoin millionaires for an exclusive Trump luncheon” – an event Private pool Critics say it’s really about buying face time with a sitting president.
The guest list looks like some of the most prominent figures in cryptocurrency finance: Tether CEO Paolo Ardoino, Upbit founder ChiHyung Song, Bitcoin advocate Anthony Pompliano, and Anchorage Digital CEO Nathan Macauley have all been reported to be in attendance.
The name absent at the top of the leaderboard
One name is conspicuously missing from the confirmed list. Founder of Tron Justin Sun He sits atop the TRUMP memecoin leaderboard with 2.4 billion points – more than anyone else – yet no public confirmation of his presence has been released.
This silence comes after Sun filed a lawsuit lawsuit This week against World Liberty Financial, the cryptocurrency platform co-founded by Trump’s sons.
The Mar-A-Lago estate. Source: Airial | AI Travel Planner
Sun claims that the platform froze his tokens and threatened to destroy them for no good reason. He described himself as an “ardent supporter” of Trump while blaming unnamed project team members for acting against the president’s values.
Ethics oversight bodies raise concerns about conflicts of interest
Lawmakers and nonpartisan watchdog groups criticized Saturday’s rally, saying Trump was using a financial product that he personally benefits to provide access to the presidency.
The Washington nonprofit Citizens for Responsibility and Ethics went further, noting in a post on Friday that cryptocurrency wallets tied to Trump’s token have moved funds in ways that make it difficult to track how much the president earns.
Featured image from Getty Images, chart from TradingView
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