President Donald Trump is doubling down on crypto in his May fundraising push—combining a traditional $1.5 million-per-plate dinner with a blockchain-fueled gala for top $TRUMP token holders.
This dual-track strategy blends old-money political finance with memecoin access, channeling millions into MAGA Inc. while raising fresh concerns over transparency, donor anonymity, and the ethics of tokenized influence.
One event targets Trump’s legacy network of political donors through conventional fundraising; the other leverages digital asset holdings as a new gateway to power. Together, the two events signal how deeply cryptocurrency is being integrated into U.S. campaign mechanics and how Trump is positioning himself at the center of both financial and blockchain fundraising ecosystems.
High-Dollar Dinner Kicks Off Fundraising
The first event, scheduled for May 6, will be held in Florida and carries a hefty price tag. Attendees must contribute $1.5 million per plate, making it one of the most expensive political fundraisers in recent years.
MAGA Inc., the super PAC behind the dinner, will collect the proceeds. Although Trump is constitutionally barred from seeking a third term, the PAC continues to raise funds for broader political influence.
Memecoin Gala Offers Access for $TRUMP Holders
A second dinner, scheduled for May 22nd at Trump National near D.C., uses an unconventional entry method. Instead of cash donations, participation is determined by holdings of a Trump-themed cryptocurrency, $TRUMP.
The top 220 holders will earn a seat at a black-tie optional gala at Trump National in the D.C. area. The top 25 will get access to a VIP tour and private reception. This blockchain-based contest is already heating up competition, with token demand soaring.
Ethical Concerns and Influence Questions Arise
This contest has drawn criticism from watchdog groups. They argue it creates a pathway for anonymous individuals, potentially including foreign actors, to purchase political access, given the pseudonymous nature of crypto wallets.
Related: Trump Denies Any Profit From TRUMP Meme Coin Amid Ethical Concerns and Crash
Without voluntary disclosure, identifying the largest token holders funding this access is nearly impossible, leading to scrutiny over who is backing Trump’s crypto initiative.
Scrutiny Over $TRUMP Tokenomics
Moreover, $TRUMP has surged over 50% since the gala announcement. Early investors and insiders, many linked to the Trump Organization, have seen their token holdings soar.
According to blockchain analysis, 80% of the token supply remains under the control of Trump-affiliated wallets. These wallets earn trading fees from every transaction, generating over $324 million in revenue since January.
Related: “I Want Crypto—If We Don’t Do It, China Will”: Trump
Although insiders agreed to hold off selling their tokens for 90 days, questions persist about long-term transparency. Adding to the uncertainty, the contest terms reveal that Trump may skip the event altogether. If that happens, winners will receive digital Trump collectibles instead, a move critics say cheapens the entire process.
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