At Trump’s $148 million meme coin dinner, ‘the food sucked’ and security was lax, attendee says

Key Points

  • The price of Donald Trump’s meme coin plunged 16% hours after the president hosted a black-tie gala at his Virginia golf club for its biggest buyers.
  • Among the 220 attendees were crypto influencers, industry executives such as Sandy Carter of Unstoppable Domains and former NBA star Lamar Odom.
  • Trump delivered a brief address rehashing old crypto talking points, then left on a helicopter before taking any questions or pictures with his meme coin contest winners, an attendee said.
Crypto investor Nicholas Pinto attends President Donald Trump’s gala dinner for people who spent the most money on Trump’s meme coin, $TRUMP, in a contest, at Trump National Golf Club in Potomac Falls, Virginia, May 22, 2025.

The price of President Donald Trump’s meme coin fell 16% Friday morning, just hours after he hosted a black-tie gala at his Virginia golf club for his biggest buyers — an elite crowd that spent a total of $148 million on the token for the chance to go there.

It was described as “the world’s most exclusive invite.”

The 220 attendees included crypto influencers, industry executives such as Unstoppable Domains’ Sandy Carter, and former NBA star Lamar Odom, who used the occasion to praise Trump as “the greatest president” and promote his own token, $ODOM.

The top 25 wallets were promised a private reception and guided tour. Others, such as 25-year-old Nicholas Pinto — whose father drove him to the event in his Lamborghini — were disappointed and still hungry.

“The food was terrible,” Pinto said. “I was not offered any drinks other than water or Trump’s wine. I don’t drink alcohol, so I drank water. My glass was only refilled once.” Pinto said Trump only visited briefly. “He didn’t talk to any of the 220 guests — maybe the top 25,” he said. In total, the president was there for 23 minutes, Pinto said. He said Trump gave a brief address in which he reiterated old crypto clichés and then left in a helicopter before taking any questions or photos with the winners of his meme coin contest. According to Pinto, the phones were not sealed in RFID pouches and security was lax. “Once Trump left, he didn’t worry about anything else,” Pinto said.

Contest winners who spent the most on $TRUMP meme coins added their signatures to a poster-sized printout of the leaderboard at a gala dinner at Trump National Golf Club in Potomac Falls, 

The crowd’s opulence was on full display.

“Richard Mille watches aren’t even rare,” Pinto said. “I saw at least 16 people wearing them. I never see that unless I go to a high-end restaurant in Miami or Dubai.”

But the atmosphere was quieter than expected, he said: “A lot of people weren’t even holding a coin anymore. They were checking their phones during dinner to see if there was any change in the price.”

CNBC has contacted Trump’s representatives for comment on the dinner and the attendees.

Protests

For lawmakers and regulators, this dinner set off alarm bells.

The #1 token holder was Chinese-born crypto mogul Justin Sun, who is currently facing Securities and Exchange Commission fraud charges that were recently halted, with the agency citing “public interest.”

Sun holds more than $22 million in $TRUMP tokens and more than $75 million in World Liberty Financial’s native token.

“As the top holder of $TRUMP and a proud supporter of President Trump, it was an honor to attend the Trump Gala Dinner,” Sun posted on Friday. “Thank you @POTUS for your unwavering support for our industry!”

According to NBC News, about a hundred protesters gathered outside the gates of the Trump National Golf Club in Potomac Falls, Virginia. Senator Jeff Merkley, D-Ore., joined them, along with Senate Minority Leader Chuck Schumer, D-N.Y., in supporting a new End Crypto Corruption Act.

The signs read “Crypto Corruption” and “Trump is a Traitor.”

Crypto on Capitol Hill

“The Trump family’s activity in the memecoin space has further complicated my work in Congress,” Rep. French Hill, R-Ark., told CNBC on Friday. Hill, who is leading negotiations on a bipartisan stablecoin regulation bill known as the Genius Act, called the ceremony a “distraction from the good work we’re doing.” Now, the Genius Act is under threat. Sen. Josh Hawley, R-Mo., recently added a controversial rider to the bill that would limit credit card late fees — which is being seen as a poison pill that could alienate banking allies and prevent final approval.

President Donald Trump speaks at a dinner for meme coin contest winners at Trump National Golf Club in Potomac Falls, Virginia, May 22, 2025.

While the meme coin competition dinner was underway Thursday night, a group of Senate Democrats announced they were pushing for a new provision that would prevent presidents and senior officials from profiting from crypto ventures while in office — a direct challenge to the Trump-linked stablecoin USD1, which was launched in the spring.

In Washington, there are growing concerns that the political battle over Trump’s crypto ventures could derail the stablecoin bill altogether. That’s an even bigger risk.

According to the Wall Street Journal, major banks including JPMorgan, Bank of America and Citi are in early talks to issue a unified digital dollar to compete with Tether, a foreign-controlled stablecoin that now holds more than 60% of global market share.

These plans depend on legal clarity.

If the Genius Act stalls, the US could lose its chance to regain its position in the global race for digital payments.

The White House has tried to draw a line between President Trump and private businessman Trump.

Press Secretary Caroline Levitt told reporters when asked about the transparency of attendees, “The President is attending this in his private time. This is not a White House dinner.”

The administration declined to release the guest list. But blockchain data — and a patchwork of photos of guests — tell part of the story.

A Bloomberg News analysis found that all but six of the top 25 wallets used overseas exchanges, apparently restricted to U.S. users. More than half of the top 220 wallets were linked to similar offshore platforms.

Freight Technologies, a penny stock listed on the Nasdaq, disclosed in an SEC filing that it spent $2 million on Trump’s token to push U.S.-Mexico trade policy. It didn’t make the cut for the dinner — finishing in 250th place.

Since its launch in January, the $TRUMP coin has earned more than $324 million in trading fees. About 80% of the $TRUMP token supply is controlled by the Trump Organization and affiliates, according to the project’s website.

Trump’s parallel token WLFI has sold $550 million in two token sales.

Still, White House AI and crypto veteran David Sacks remained optimistic on “significant bipartisan support” for stablecoin legislation.

“We already have over $200 billion in stablecoins — it’s just unregulated,” Sachs told CNBC’s “Closing Bell Overtime” on Wednesday. “If we provide the legal clarity and the legal framework for this, I think we can generate trillions of dollars of demand for our Treasuries very quickly, overnight.”

“We’re very hopeful now that it’s going to pass,” Sachs said, though he did not answer a question about Democrats’ concerns that there aren’t enough safeguards to prevent the president and his family from benefiting from the legislation.

While Sachs sold $200 million in crypto-related holdings before taking the White House job, according to a disclosure filing, Trump and his family are leaning toward building a crypto empire.

Trump is a financial backer of World Liberty Financial, which is behind the USD1 stablecoin backed by Treasury and dollar deposits.

Abu Dhabi’s MGX investment fund recently pledged to invest $2 billion in USD1 to Binance, the world’s largest digital asset exchange. This is the company’s largest investment in crypto to date.

42 thoughts on “At Trump’s $148 million meme coin dinner, ‘the food sucked’ and security was lax, attendee says

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    This leads to the slow release of the free steroid from the location of injection. In the off-season, most find a stack of testosterone and
    Trenbolone enanthate to be amazingly helpful, and it’s additionally
    attainable to add Anadrol or Dianabol. Others find utilizing Nandrolone
    in an overlapping manner with their Trenbolone enanthate to be much beneficial.
    In the chopping section, testosterone and Trenbolone enanthate can again prove
    quite useful. With Trenbolone Enanthate, you get potent,
    dependable outcomes with fewer interruptions to your coaching.
    When you’re able to push past your limits, Trenbolone Enanthate
    offers you the endurance and restoration enhance to maintain going sturdy — one rep, one race,
    one win at a time.
    Consider adding fish oil supplements, which may be acknowledged for their ldl cholesterol-lowering residences.
    Regular cardiovascular workout additionally contributes to preserving healthful cholesterol levels,
    ensuring a balanced approach to cardiovascular fitness while reaping the blessings of the steroid.
    Trenarix-E (Trenbolone Enanthate) and Trenbolone acetate are the two
    hottest anabolic androgenic steroids. The difference is that each of them has a
    special release time of the active ingredient.
    The duration of action of the drug is quite lengthy, therefore it should be injected no extra than 2 occasions
    every week, with a weekly dose of 250 mg to 500 mg.

    Official distributors of Trenbolone for sale could be recognized by the distinctive authenticity codes on their merchandise.

    But most trainers are hesitant to overtly discuss steroids, particularly with newcomers, because of horror tales circulating on-line.
    Make certain you’re ready for this chance and have the mandatory products out there to handle these unwanted effects promptly and effectively.
    This approach aims to keep away from potential opposed reactions while nonetheless
    reaping the advantages Trenbolone can offer in muscular improvement.
    In this case, Tren Acetate will be greatest to run due to its short half-life.

    In addition to the authorized standing, there could additionally be particular rules and restrictions on the
    acquisition of Tren. These laws can pertain to import/export,
    prescription necessities, and the sale of anabolic steroids.

    It’s necessary to analysis and understand these
    regulations to ensure compliance and keep away from potential legal points.
    Stay knowledgeable about any updates or proposed modifications to the rules to ensure that you’re acquiring Trenbolone through legal and bonafide means.

    For those able to embark on their steroid routine, our retailer provides an intensive vary of
    high-quality merchandise with a gradual payment gadget.

  6. Despite this, stats have it that 54% of male bodybuilders admitted common steroid use, which is probably going nonetheless too low to characterize top-level competition. The very
    very first thing you need to understand is that these anabolic compounds are
    technically illegal, and subsequently you have to be fairly
    careful about your well being. Inform your doctor or coach of any pre-existing
    situations corresponding to liver or kidney disease and allergic reactions.
    This will assist them decide if the cycle is suitable or if it must be modified.
    One draw back of Winstrol is that sometimes users can turn out to be depleted of their muscle tissue because of a loss of intracellular fluid.

    150mg tren ace per week at the side of 60mg of Var per day could be a extremely effective
    combination. This mixture would also be great for strength
    and boosting strength with out growing body weight all that a lot.
    Because Anavar helps to burn fats and Winstrol is more anabolic, so
    not only can you lose extra physique fat, you’ll additionally
    doubtlessly construct more muscle than when you used either alone.
    Overall, while Winstrol could provide some benefits for athletes and bodybuilders, it’s important to
    weigh the potential dangers earlier than deciding to make use of
    it. If you’re contemplating using Winstrol, it’s recommended that you speak with
    a healthcare professional to discuss the potential risks and benefits.

    Although primarily acknowledged for its cutting capabilities,
    Winstrol can be strategically employed in bulking
    cycles. Its capability to promote a drier, tougher look complements the gains
    achieved through different compounds, creating a
    extra sculpted and aesthetically pleasing physique. Whereas each variations
    are effective for slicing, oral Winstrol tends to be harsher on the liver, particularly at larger doses.
    Injectable Winstrol, although nonetheless liver toxic, could produce extra steady
    blood levels and fewer fluctuations in joint pain,
    mood, or power. In one other publish in these Anavar series, I
    really have already mentioned the significance of selecting the
    correct dose. What Anavar steroids do greatest is
    help to protect muscle mass when you’re cutting energy.
    So, in case you are trying to bulk up, then Anavar
    isn’t the best steroid for you.
    Moreover, Anavar exhibits a favorable anabolic-to-androgenic ratio, minimizing undesirable androgenic
    results while maximizing anabolic outcomes.
    Via these mechanisms, Anavar provides a compelling profile
    for those seeking to enhance physical performance and body composition safely.
    Initially developed for medical use and made well-known by bodybuilders and athletes,
    Winstrol (Stanozolol) is considered one of the hottest anabolic steroids for chopping cycles.
    Recognized for its ability to preserve lean muscle while
    accelerating fat loss, Winstrol delivers a dry, vascular, and outlined look —
    especially when your food regimen and training are already dialed in. Integrating dietary supplements like creatine with Anavar,
    a synthetic anabolic steroid, requires a strategic method to optimize
    results while minimizing potential risks. Anavar is famend for its muscle-preserving and fat-reducing
    properties, making it well-liked among bodybuilders.

    Each Anavar and Winstrol can cause a suppression of natural
    testosterone production within the physique. This can lead
    to quite lots of potential result which we are going to discover in subsequent sections.
    This highlights the need for correct post-cycle remedy (PCT) to assist
    restore the body’s pure hormonal steadiness after a cycle of these steroids.
    Yes, post-cycle remedy is critical after taking the Anavar and Winstrol cycle stack
    to restore natural testosterone production and prevent potential unwanted aspect effects from occurring.

    Taking precautions might help cut back opposed side effects like liver injury, high blood
    pressure, zits, and hair loss. Erring on the aspect of caution is key when it comes to
    health and fitness objectives. To ensure a safe
    and efficient Anavar and Winstrol cycle stack with optimal dosage and results, precautions and safety measures
    should be taken.
    Winstrol’s anabolic results come and not using a notable surge in water weight, allowing lean and aesthetic positive aspects as a substitute
    of bloated-looking muscles. Thus, Winstrol can be utilized in the summertime to assist customers reduce their physique fats, or it can be used within the off-season to add lean muscle.
    The mixture of Anavar and Winstrol works synergistically to
    maximise fat loss while maintaining and hardening muscle mass.

    It is frequently utilized throughout cutting phases due to its efficacy in preserving lean muscle mass while facilitating fats loss.

    Moreover, Anavar’s low influence on endogenous testosterone manufacturing makes it a most well-liked choice for individuals involved about hormonal imbalances.
    When beginning an Anavar cycle, ladies must adhere
    to particular dosage recommendations to guarantee each security and
    effectiveness.
    Anavar is known to have fewer sides than Winstrol, so it’s better
    to extend that first. Males are recognized to deal
    with steroids barely better than females because of the reality that they’ll handle androgenic sides
    better. Thus, you’ll be able to have a glance at 20mg Winstrol and 20mg
    Anavar per day to start out off with. Since each compounds will negatively affect cholesterol and
    blood pressure ranges, it might be a good idea
    to do a good quantity of cardio to lower each of these (HIIT may be better).

    These steroids are produced from all-natural ingredients
    that have been confirmed to be safe and effective. By pushing through plateaus and helping achieve my health goals,
    this stack has confirmed to be fairly efficient for both me and plenty of of my peers in the fitness community.
    Ladies should contemplate a more conservative cycle
    size, usually round 4 to six weeks. This helps decrease side effects and reduces the chance of hormonal imbalances.
    Relating To the size of the cycle, it’s usually finest to keep it between 6 to
    8 weeks. Prolonging the cycle could lead to liver strain and other well being complications.

    For bodybuilders and performance athletes, slicing cycles demand precision shedding fats whereas retaining
    muscle mass, growing vascularity, and sculpting
    a defined physique. Two of the most trusted anabolic
    steroids for these objectives are Anavar (Oxandrolone) and Winstrol (Stanozolol).
    Recognized for his or her dry features, low water retention,
    and enhanced performance, they’re often combined to create a robust synergy in the final weeks earlier than a competition or photo shoot.
    On the opposite hand, Winstrol is a more potent steroid that
    is higher suited to experienced customers
    who wish to build muscle mass and improve their overall performance.

    References:

    https://www.valley.md/anavar-dosage-for-men

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