A Year Later, Trump’s ‘Most Exclusive’ Memecoin Event Is a Lot Less Exclusive
The New York Times • • business
Key Points:
- A year after a contest that offered dinner with President Trump for investing in his $TRUMP memecoin, a larger group of investors gathered at Mar-a-Lago for a similar event, dubbed “The Most Exclusive Conference In The World.”
- The $TRUMP memecoin's value has plummeted about 80% since last April, reflecting growing criticism of Trump and his family over the coin's decline, complex financial dealings, and a business dispute with a crypto billionaire.
- A New York Times reporter bought $TRUMP tokens to attend the event and document the experience, highlighting the volatile and risky nature of memecoin investments tied to celebrity endorsements.
- The memecoin's sharp price drop and investor skepticism underscore broader doubts about the future of Trump’s crypto ventures amid ongoing controversies.
