The top holders of President Donald Trump’s meme coin gathered at Mar-a-Lago on Saturday for a private event featuring branded merchandise, speeches from cryptocurrency advocates, and direct access to the former president.
Trump rewarded major holders of his meme coin with a Mar-a-Lago conference
The event, reported by The Washington Post, brought together the largest investors in Trump’s official meme token, which launched earlier this year on the Solana blockchain. Attendees received Trump-branded watches and other swag while listening to presentations from industry figures promoting the token’s long-term value. The gathering underscored the intersection of political allegiance and speculative crypto markets, where holding the coin became a pathway to elite access.
Trump’s meme coin has lost significant value since its peak
Despite the celebratory tone at Mar-a-Lago, the token’s price has fallen sharply from its all-time high, reflecting broader volatility in meme-driven cryptocurrencies. Last time a similar political meme coin surged on celebrity association — such as the brief spike in a token tied to Elon Musk’s social media activity in 2022 — the rally collapsed within weeks as speculative interest waned. Current trading data shows the Trump token remains down over 60% from its peak, though its core holders continue to express confidence in its future.
What is Trump’s meme coin and how does it work?
Trump’s meme coin is a digital token created on the Solana blockchain, officially licensed by Trump’s team and marketed as a collectible asset tied to his brand. It functions like other meme coins, with value driven largely by community sentiment and social media trends rather than underlying utility or revenue.
Why did Trump host a conference for top coin holders?
The event served to reward early and large investors, reinforce loyalty among his base within the crypto community, and maintain visibility for the token amid declining market prices. By offering face time and branded goods, the gathering aimed to strengthen holder engagement during a period of price weakness.