A recent dinner hosted by former President Donald Trump at his Virginia golf club sent a meme coin soaring, with over $2 billion in token purchases spurred by the invite for top holders. However, the hype didn’t last long. Blockchain data reveals that nearly 30 major holders sold their positions within hours of qualifying, triggering a sharp price drop before a partial rebound. Traders are thought to have used this dinner invitation as an opportunity to profit in a speculative crypto market. 10-figure fees accrued by the Trump Organization and its partners following the token launch further highlight the complex ethical and regulatory issues surrounding such arrangements.