The November 22 event will host the top 185 investors in the meme coin, granting them access to the president and several unidentified "legends." According to reports from the Washington Sun, the selection formula is structured to drive token sales over the final two months of the year. While the president has reportedly netted at least $635 million from these ventures, the broader investor base has suffered significant financial losses. Analytics firm Nansen estimates that nearly one million purchasers of the coin have collectively lost approximately $4 billion by mid-2026.
This marks the second such gathering at the Virginia property. A previous event held last May included guests like Chinese billionaire Justin Sun and featured a subsequent tour of the White House, sparking widespread criticism from ethics experts. Recent announcements regarding this second dinner have drawn sharp rebukes from political figures, including former Obama spokesperson Tommy Vietor and Representative Greg Landsman, who described the intersection of high-stakes crypto speculation and presidential access as a display of brazen corruption.
Comments (0)
No comments yet. Be the first!