'Fuck This Coin': Trump Crypto Gala Admission Price Plummets as Meme Coin Value Down Over 90%

Its price soared by more than 50 after its website announced last April that the coin’s top 220 investors would be invited to a private gala dinner with the president. The watchdog Citizens for Responsibility and Ethics in Washington (CREW) revealed that invitees included dozens of investors in crypto assets named after white supremacist and outright Nazi themes.However, even then, TRUMP was already down significantly from its high of over 75 just after its launch. On Friday, it was trading at less than 3, and the top-tier entry price to Saturday's gala at the president's Mar-a-Lago resort in Palm Beach, Florida is indicative of that precipitous plunge.Tomorrow, President Trump will host an event for 297 TRUMP memecoin holders at Mar-a-Lago. It’s the second time in less than a year that the president has offered special access to people who can afford to buy enough of his memecoin—and it’s somehow even worse than the first.— CREW (@citizensforethics.org) April 24, 2026 at 7:36 AMAccording to the Financial Times, the 29 premier access attendees of Saturday's event held a median investment of 539,000. That's nearly 84 less than the 3.28 million median investment they had prior to last year's gala. Furthermore, the newspaper reported that many premier access winners have apparently liquidated their TRUMP holdings since securing their VIP spots.“Nobody likes it,” Morten Christensen, a crypto investor who went to last year's gala and plans on attending the Mar-a-Lago dinner, told Politico Thursday. “People are losing on the coin, and they are vocal. They are the people on Twitter like, ‘Fuck this coin’ or, ‘It’s a scam.’ And they’re right, basically.”That's not stopping the gala organizers from touting what they're calling “THE MOST EXCLUSIVE CRYPTO BUSINESS CONFERENCE IN THE WORLD!”As Politico reported Thursday:It is open to the top 297 TRUMP investors, who will get the chance to hear from an eclectic lineup of speakers that includes several crypto executives, boxing legend Mike Tyson, motivational coach Tony Robbins, and Trump, who will speak during the event’s luncheon, according to promotional materials. He is expected to be in Washington later in the day for the White House Correspondents’ Dinner.While TRUMP investors may be losing big, Trump and his family have made billions of dollars in crypto profits, while the Trump family and the coin's creators raked in 320 million in trading fees, even as the coin's value tanked. A small group of elite investors has likewise been spared severe losses, including insiders who bought up MELANIA, First Lady Melania Trump's meme coin, prior to its launch, a practice known as sniping that netted them around 100 million, according to the Financial Times.MELANIA launched on the eve of Trump's second inauguration and soared to an all-time high of 13.73 on Inauguration Day. It's now trading at 0.12, a 99 dive. Investors subsequently sued MELANIA's creators, alleging that it's part of a fraudulent pump-and-dump scheme in which they manipulated the launch of MELANIA and other coins in order to enrich themselves while later investors got wiped out.That's not the only lawsuit targeting the president's family over alleged crypto fraud. Billionaire investor Justin Sun is suing World Liberty Financial, a cryptocurrency firm co-founded by Trump and his sons, accusing the company of illegally blocking Sun from selling up to 1 billion worth of digital tokens. Sun said last year that he's the world's largest single holder of the president's meme coin.Last year, US Sens. Elizabeth Warren (D-Mass.), Adam Schiff (D-Calif.), and Richard Blumenthal (D-Conn.), as well as Rep. Jamie Raskin (D-Md.), launched investigations into TRUMP events.“He’s normalized his corruption,” Blumenthal said of Trump during a Thursday interview, adding that the Mar-a-Lago gala is “simply another way to generate more money for himself, profiting directly from his office.Trump—who once said he's not a fan of cryptocurrencies, whose value is highly volatile and based on thin air—has pushed crypto since returning to office, most notably in a January 2025 executive order calling for the establishment of a working group on digital assets to explore the possibility of creating a “national digit asset stockpile, a top crypto industry wish list item.“It is literally cashing in on the presidency—creating a financial instrument so people can transfer money to the president’s family in connection with his office,” Campaign Legal Center executive director Adav Noti said last year.Experts have warned prospective investors about the dangers associated with TRUMP.“Two exclusive promotional events offering access to the president created temporary price increases but did not reverse the long-term downward trend,” Marquette University finance professor emeritus David Krause wrote last month.“With approximately 80 of the token supply controlled by Trump-affiliated entities and over 324 million in trading fees accruing to insiders, the token raises significant questions about the alignment of promotional activities with retail investor protection,” Krause added. “As political meme coins continue to emerge, the TRUMP token may serve as a cautionary case for the risks of speculative assets tied to political figures.”Looking forward to Saturday's Mar-a-Lago gathering—which Trump may not even attend, according to small print on the event's website—CREW said Wednesday that like the first event, Trump will almost certainly host holders of alt-right and racist coins, foreign attendees—including those with potential ties to foreign governments—and people seeking favors. This weekend will provide a prime example of the level of corruption and profiteering that no other president would have even dreamt of engaging in, but Trump is comfortable doing so openly, the group added.