Trump hosts a banquet for major Trump coin holders! The token plummeted 95% from its peak but still claims to be the "most prestigious" gathering in the crypto world

Trump held the second $TRUMP token holder feast at Mar-a-Lago. Despite the token price plunging more than 96% from its peak, a strict hierarchical system was still enforced on-site based on holdings.

Mar-a-Lago showcases a hierarchy system in the crypto world: the collapse in token value fails to hide the “most prestigious” label

Even though the market price of the official $TRUMP token has already fallen more than 96% from its all-time high of 75.35 in early 2025, U.S. President Donald Trump still hosted the second annual meme coin holder feast on April 25, 2026 at Mar-a-Lago in Florida.

Promoted by official channels as the world’s most prestigious cryptocurrency and business conference, the event strictly limited attendance to the top 297 large investors by $TRUMP token holdings. According to data from on-chain analytics firm Nansen, the invited investors collectively held about $29 million worth of tokens; compared with the approximately $148 million total value held during the first event in 2025, the decline was significant. On-site, the conference continued Trump’s signature luxurious style and divided participants into a strict tier system: only the top 29 high-level holders were allowed to attend a private VIP reception, where they toasted champagne with Trump.

After the event, before preparing to board Air Force One and return to Washington, Trump told the media that he believes he has an obligation to support the cryptocurrency industry, and emphasized that cryptocurrencies have gradually become mainstream—meaning, as president, he must ensure that every industry can thrive. However, the market response was lukewarm. At the same time Trump was delivering his speech at the venue, the $TRUMP token price dropped again by nearly 10% within just 24 hours, hovering in the low range between $2.53 and $2.67. Market analysts noted that the 2026 event briefly boosted trading volume, but investor confidence was no longer as steadfast as it was when the project launched in 2025. The token’s value has continued to stay near historical lows, creating a sharp contrast with the lively festivities inside Mar-a-Lago.

Top industry leaders and celebrities gather, reigniting political ethics conflicts

The lineup for this private meeting was extremely lavish. The event invited legendary boxing champion Mike Tyson as a guest, and also featured many heavyweight figures from the finance and crypto industries taking the stage. During the conference, Paolo Ardoino, CEO of stablecoin issuer Tether, discussed the role of the U.S. dollar in global financial inclusion. Ark Invest founder Cathie Wood and Alchemy CEO Nikil Viswanathan then focused on the intersection of artificial intelligence and cryptocurrencies.

In addition, well-known investor Anthony Pompliano and a celebrity figure from traditional finance, Grant Cardone, also appeared on the speaker list. Although the conference covered cutting-edge fintech trends, Democratic members of Congress expressed strong dissatisfaction.

Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff jointly sent a letter to Bill Zanker, a key figure behind the $TRUMP token, questioning whether the meeting was being used as a covert way to suggest that buying tokens could provide access to the president.

Democrats believe that while Trump’s family promotes crypto-support legislation, it also benefits certain token holders through private events, involving serious conflicts of interest. Legal experts said that there is no precedent in modern political history for behavior that highly blends presidential powers with private family investment businesses—making discussions about the ethics provisions in the CLARITY Act (Clarity Act), which is set to be reviewed in Congress, grow even more heated.

Trump’s family earns $860 million per year from the crypto sector; official projects remain controversial

According to an in-depth investigative report by Reuters, Trump’s family generated total revenue of $864 million in the first half of 2025 through the sale of various crypto assets. Among them, sales related to the $TRUMP meme coin contributed about $336 million in revenue. Even more strikingly, another project led by Trump’s family, World Liberty Financial, brought in approximately $463 million in revenue through token sales.

Although most retail investors suffer massive losses after chasing price increases, Trump’s family and its related entities continue to reap large profits through transaction fees and asset liquidations. Reuters estimates that, if unrealized gains on paper are included, Trump’s family’s profit potential in the cryptocurrency industry may already exceed $1 billion.

Although White House spokesperson Anna Kelly emphasized that Trump’s assets are handled through trust funds managed by his children, and that all actions prioritize the interests of the American public and involve no conflicts of interest, in reality, investor dissatisfaction with Trump’s family projects is spreading. In particular, World Liberty Financial—despite attracting large amounts of funding in 2025—has received criticism from many investors for operating opaquely, being tightly controlled by a small group of core figures, and responding slowly to user complaints. This highly centralized management model runs counter to the decentralization spirit that cryptocurrencies often tout, and has also sparked widespread controversy over Trump’s family’s crypto ventures.

• Related news: Prevent early investors from arbitraging! Trump proposes a 4-year token lock for WLFI; Sun Yuchen rages: world tyranny

Sun Yuchen absent during a White House scare night; $TRUMP token selloff remains unstoppable

In this year’s Mar-a-Lago event, the most eye-catching absentee was Justin Sun, founder of TRON. As one of the largest public holders of the $TRUMP token, Sun had made a high-profile appearance at similar events in 2025, but this year he chose to disappear. The reason may be related to his lawsuit against Trump’s family’s World Liberty Financial on the eve of the event.

Sun accused the company of freezing his assets, while World Liberty’s CEO Zach Witkoff countered that the lawsuit had no basis and said that Sun’s misconduct forced the platform to take protective measures. This legal battle between crypto heavyweights and a political family cast a shadow over what should have been a celebratory gathering.

What further terrified the market was that late Saturday night, after the Mar-a-Lago dinner, a shooting safety incident occurred at the White House Correspondents’ Association dinner held at the Washington Hilton Hotel. Although Trump and his wife Melania Trump were quickly evacuated by the U.S. Secret Service and were unharmed, the incident triggered a chain reaction in the markets.

• Related news: White House Correspondents’ dinner scare—Secret Service quickly evacuates Trump and subdues the 31-year-old California gunman

Due to panic selling, the $TRUMP token fell again by more than 10% on Sunday, with a total of $7.61 million in long liquidations within 24 hours. Even though Trump reiterated his support for the crypto industry during his speech at Mar-a-Lago, faced with multiple pressures—including ethics investigations, legal lawsuits, and sudden security incidents—the future of this presidential-level meme coin still seems unable to escape the haze of continued declines.