Donald Trump, the indefatigable U.S. president, has once again shown he knows how to pull the strings of both the market and conservative passions.
On Wednesday, he announced a private dinner at the Trump National Golf Club for the 220 top investors in his memecoin $TRUMP, causing its value to surge by 60% in just hours.
While the left cries foul over ethics, free-market defenders applaud the boldness of a leader unafraid to blend politics with business.
The event, scheduled for May 22, is touted as “the most exclusive invitation in the world,” according to the official $TRUMP website.
The top 25 holders of the cryptocurrency will also enjoy a VIP meeting with the president. Launched days before Trump’s January 20 inauguration, the memecoin has sparked speculative frenzy, with a total circulating value of $2.5 billion, per BBC data.
This move is not new. Trump, a master of spectacle, has previously dabbled in crypto with non-fungible tokens (NFTs) and the World Liberty Financial platform, led by his family.
But this dinner takes his strategy to another level: direct access to the world’s most powerful man in exchange for investing in his coin. Critics like Tony Carrk of Accountable.US accuse the president of auctioning influence, but isn’t this capitalism at its peak?
The left, ever eager to throw darts, sees an ethical scandal. Figures like Senator Adam Schiff have hinted at possible market manipulation, recalling accusations of “insider trading” after Trump’s tariff pause in April.
Yet, these claims smack of envy from those unable to capture investors’ attention with their utopian equality speeches.
The timing couldn’t be better for Trump. His presidency has revitalized interest in cryptocurrencies, with friendly regulators easing sector restrictions.
As Melania Trump launches her own memecoin and their children lead crypto ventures, the presidential family positions itself as an emblem of unbridled entrepreneurship, resonating with conservative values of economic freedom.
The roots of this maneuver trace back to Trump’s campaign, partly funded by crypto magnates. His knack for turning every move into a headline is unmatched.
The $TRUMP memecoin, managed by Fight Fight Fight LLC, affiliated with the Trump Organization, is not just a financial asset; it’s a symbol of loyalty to a leader who defies politically correct norms.
The economic impact is undeniable. According to Benzinga, one investor spent $5 million on tokens after the announcement, driving the price to $14.4 per unit.
This isn’t just a numbers game; it’s a vote of confidence in a president promising to make the U.S. the global crypto capital.
While progressives clutch their pearls, conservatives celebrate a leader who doesn’t just talk about prosperity but creates it. This dinner isn’t just an event; it’s a statement of principles. In a world where the left wants to regulate every breath, Trump bets on freedom, risk, and reward.
Let the envious keep criticizing; the winners already have their seats reserved at the table.
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