Donald Trump hosted an exclusive dinner event at his private country club near Washington D.C., inviting top investors who bought his meme coin. Guests included big names and even crypto figure Justin Sun, who expressed gratitude for the invite but did not speak to the media.
As the US President arrived in a Marine One helicopter, over 100 protesters gathered outside the venue. Their signs included “Stop Crypto Corruption” and “America Is Not for Sale.” During the event, he repeated his support for the industry and attacked the current administration. On his Truth Social account, the US president posted:
“The U.S.A. is DOMINATING in Crypto, Bitcoin, etc., and we are going to keep it that way!”
At the same time, a new memecoin named Trump Dinner Coin (DINNER) shocked the community by jumping 1188% in just one day, raising doubts and suspicions.
It launched at an initial price of $0.00001908 with a market cap of $59.06 million and a trading volume of $11.74 million, as per CoinMarketCap. After the event, its price suddenly jumped to $0.0002682, raising serious questions about its legitimacy—specifically, whether this is genuinely related to Donald or just using his name to scam investors.
Source: CoinMarketCap
Several red flags emerged: the memecoin launched just before the event, has only 955 followers on Twitter, and its website is extremely basic, merely urging users to buy the token to join the function.
Source: X
There’s no official confirmation linking US president to the token, and the Dinner Coin’s Twitter account has been reposting tweets from TrumpMeme (the original Trump Coin project), possibly to appear legitimate. Meanwhile, the original TRUMP Coin dropped by 6%, now trading at $13.76 with a market cap of $2.75 billion.
Source: CoinMarketCap
As of now, there is no verified connection between Donald and the new memecoin. Despite the memecoin’s price spike and timing, experts believe this may be just another crypto scam. The lack of transparency, weak social media presence, and suspicious launch timeline are major concerns.
The new token might be trying to take advantage of US president’s popularity and his recent push to make the U.S. more crypto-friendly. But without official support or clear project goals, it's hard to trust it.
The crypto market has seen many fake projects in the past, and Trump Dinner token might be one of them. Just because a token uses a big name doesn’t mean it’s safe or approved. This case also puts a question mark on Donald’s position in the crypto world. Promoting or being linked (even indirectly) to such projects can raise doubts about intentions and increase scam risks.
Disclaimer: As always, do your own research before buying any new cryptocurrency.
Also read: Hrum Quote of the Day 23 May 2025: Reward 150 Coins
WhatsApp
Telegram
