A dinner event with top holders of Trump’s memecoin, hosted by the former president himself, has sent shockwaves through the crypto market. Following an announcement, the token saw a dramatic price surge of 71%, before stabilizing to values between $12 and $14. This unprecedented event raises concerns about market manipulation, fairness in token distribution, and its implications for both financial markets and regulatory frameworks. 80% ownership of the token is held by entities connected to Donald Trump. Crypto analysts like CryptoKaleo are closely observing the impact of this event, while lawmakers and financial experts voice their concerns about the future implications.