Key Highlights
- Dogecoin’s price dipped 0.5% to $0.1657 amid institutional trading near resistance levels.
- Institutional investors accumulated Dogecoin early in the week and reduced holdings as prices approached $0.1670.
- Despite muted broader sentiment, Dogecoin’s structure remains intact with potential for a breakout above $0.16.
President Donald Trump has reportedly scheduled a cryptocurrency event on April 25 at his Mar-a-Lago club in the United States for top purchasers of his memecoin $TRUMP.
According to the official website, the event is being organized by a company linked to him, Fight Fight Fight LLC, to reward major coin holders.
The report says access to the event is limited to the top 297 investors and a private reception for the top 29, raising questions about why a sitting president is holding a private event tied to his personal crypto project.
Exclusive access for top investors
The event is reportedly being promoted as “THE MOST EXCLUSIVE CRYPTO & BUSINESS CONFERENCE IN THE WORLD” and will feature Trump as keynote speaker, alongside crypto entrepreneurs. Well-known personalities like former boxer Mike Tyson are also expected to attend.
Meanwhile, this is not the first time Trump has done something like this. He previously hosted a similar dinner back in 2025 at his golf club in Virginia for about 220 investors in the same memecoin. That event reportedly made around $148 million.
Critics at that time called it a “pay to play” system, meaning people are using the opportunity to get close to the president by paying money through investments instead of public service or official political donations.
However, the website notes Trump may not attend, in which case the event could be rescheduled or replaced with NFTs for attendees.
Critics, including Democratic senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff, have raised concerns that the event allows access to the president in exchange for financial participation in his crypto assets.
In a letter published early this month, they argued that Trump and his family may be making money from crypto projects while he is in office, and that it is important for Congress to understand how much money is being made from these activities.
“To help us better understand the President’s role in planning, promoting, and profiting off of the conference, we request documents, communications, and related information from Fight Fight Fight LLC.” they wrote in the joint letter.
$TRUMP early performance and market Impact
The $TRUMP memecoin was launched in 2025. Shortly after his inauguration, the memecoin lost around 60% to about $31.20, wiping out billions of dollars in market value. Despite this, some early insiders reportedly made profits, while millions of retail investors were left at a loss.
Moreover, Trump and his sons have also launched other crypto businesses, including a company called World Liberty Financial, showing how deeply invested the family is in the crypto space. But critics say this creates a situation where political power and personal business are closely connected.
Trump has defended himself by saying he is not breaking any rules. Still, critics argue that even if it is legal, it still raises serious questions about fairness, trust, and the use of public office for personal profit.
At the time of writing, the memecoin is trading for $2.87, down 80% since its launch, according to data from CoinMarketCap.
Also Read: Justin Sun Sues Trump-Backed World Liberty Financial for Fraud and Token Seizure
