Trump hosts a banquet for major Trump coin holders! The token has crashed 95% from its peak, yet it still touts the gathering as the “most prestigious” in the crypto world

Trump held the second $TRUMP token holder feast at Mar-a-Lago. Despite the token price plummeting over 96% from its peak, strict hierarchy was still enforced based on holdings on site.

Mar-a-Lago exemplifies the hierarchy system in the crypto world, with the collapsing token value unable to hide the “most prestigious” label

Even though the market price of the official $TRUMP token has 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 at Mar-a-Lago, Florida, on April 25, 2026.

This event, promoted as the world’s most prestigious cryptocurrency and business conference, strictly limited attendance to the top 297 $TRUMP token holders. According to on-chain data analysis firm Nansen, the invited investors collectively held about $29 million worth of tokens, a significant decrease from the approximately $148 million in total value during the first event in 2025. The event continued Trump’s signature luxury style, dividing participants into strict tiers, with only the top 29 high-level holders allowed to attend a private VIP reception and toast champagne with Trump.

Before departing for Washington aboard Air Force One, Trump told the media he believed he had a duty to support the crypto industry, emphasizing that cryptocurrencies are gradually becoming mainstream and that as president, he must ensure all industries thrive. However, market reactions were lukewarm. While Trump was giving his speech, the $TRUMP token price dropped nearly 10% within 24 hours, fluctuating between $2.53 and $2.67. Market analysts noted that the 2026 event briefly boosted trading volume, but investor confidence was no longer as firm as when it launched in 2025. The token’s value remains at a historic low, contrasting sharply with the festive atmosphere inside Mar-a-Lago.

Top industry leaders and celebrities gather, sparking renewed political ethics controversies

The lineup of speakers at this private conference was extremely luxurious, featuring legendary boxer Mike Tyson and many heavyweight figures from finance and crypto industries. Tether CEO Paolo Ardoino discussed the role of the US dollar in global financial inclusion, Ark Invest founder Cathie Wood and Alchemy CEO Nikil Viswanathan focused on the intersection of artificial intelligence and cryptocurrencies.

Additionally, well-known investors Anthony Pompliano and traditional finance celebrity Grant Cardone appeared on the speaker list. Despite covering cutting-edge fintech trends, Democratic members of Congress expressed strong dissatisfaction.

Senator Elizabeth Warren, Richard Blumenthal, and Adam Schiff jointly sent a letter to $TRUMP token’s key figure Bill Zanker, questioning whether the event was used as a subtle way to suggest that purchasing tokens could grant access to the president.

Democrats believe that while Trump’s family promotes crypto-supportive legislation, they benefit from private activities involving certain token holders, creating serious conflicts of interest. Legal experts point out that integrating presidential powers with private family investments is unprecedented in modern political history, intensifying discussions on ethical clauses in the upcoming Congress review of the CLARITY Act.

Trump family earns $860 million annually from the crypto sector, with ongoing project controversies

According to an in-depth investigation by Reuters, Trump’s family earned a total of $864 million in the first half of 2025 through various crypto asset sales. Among these, sales related to the $TRUMP meme coin contributed about $336 million. Even more astonishing, another project led by the Trump family, World Liberty Financial, generated approximately $463 million from token sales.

Although most retail investors faced huge losses after chasing high prices, Trump’s family and related entities continued to profit significantly through transaction fees and asset liquidations. Reuters estimates that, including unrealized paper gains, the Trump family’s potential profits in the crypto industry may have already exceeded $1 billion.

While White House spokesperson Anna Kelly emphasized that Trump’s assets are managed through trusts controlled by his children, and all actions prioritize the American public’s interests without conflicts of interest, investor dissatisfaction with Trump’s family projects is spreading. Particularly, World Liberty Financial, which attracted large sums in 2025, has been criticized for opaque operations, heavy control by a few core figures, and slow responses to user complaints. This highly centralized management contradicts the decentralized ethos of cryptocurrencies and has led to widespread controversy over the Trump family’s crypto ventures.

• Related news: Prevent early investors from arbitraging! Trump WLFI proposes a 4-year token lock, Sun Yuchen angrily denounces: world tyranny

Sun Yuchen’s absence and White House scare night, $TRUMP token’s decline remains unstoppable

The most notable absence at this year’s Mar-a-Lago event was Tron founder Justin Sun. As one of the largest public holders of $TRUMP tokens in 2025, Sun Yuchen made a high-profile appearance at similar events but chose to stay silent this year. The reason may be related to his lawsuit against Trump’s family’s World Liberty Financial just before the event.

Sun Yuchen accused the company of freezing his assets, while World Liberty CEO Zach Witkoff countered that the lawsuit was baseless and claimed Sun Yuchen’s misconduct forced the platform to take protective measures. This legal battle between crypto giants and political families cast a shadow over what should have been a celebratory gathering.

Adding to market panic, late Saturday night after the Mar-a-Lago dinner, a shooting security incident occurred at the White House Correspondents’ Association dinner held at the Washington Hilton Hotel. Although Trump and Melania Trump were quickly evacuated by Secret Service without injury, the incident triggered a chain reaction in the markets.

• Related news: White House Correspondents’ Dinner scare, Secret Service swiftly evacuates Trump and subdues 31-year-old California gunman

Due to panic selling, the $TRUMP token plummeted over 10% again on Sunday, with liquidation amounts reaching $7.61 million within 24 hours. Despite Trump reiterating his support for the crypto industry during his speech at Mar-a-Lago, facing multiple pressures from ethics investigations, legal suits, and security emergencies, the future of this presidential meme coin still seems shrouded in continued decline.