President Donald Trump is once again offering “exclusive” access to buyers of his meme coin—this time in the form of an invitation to a dinner with him and three secret “legends” to be named at a later date.
asserted
Trump → offer → date
All you have to do is purchase—and then resist the temptation to immediately sell—a lot of $TRUMP.
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you → have → TRUMP
If, come November 12, you’re one of the top 185 holders of the coin, you’ll get to attend the special event later that month at Trump’s golf club in the Virginia suburbs of Washington, DC.
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you → come → DC
The marketing is not subtle, with the coin’s official website promising access to “The Most Exclusive Dinner in the World” and an “evening with 3 Legends and President Donald J. Trump.”
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website → promise → Legends
In smaller letters, it notes that there will also be a private meet and greet with an unnamed “legend.”
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it → note → legend
Sadly, though, “No attendees will be granted a private meet & greet with the President.”
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attendees → grant → President
The top 29 holders of the $TRUMP meme coin will also get to go to a special VIP reception “with your favorite President and one of the Legends.”
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holders → get → Legends
As an added bonus, the top four holders will get a gold Trump-branded watch.
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holders → add → watch
Again, however, it notes that there won’t be any private time with Trump, and no gifts will be accepted.
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gifts → note → Trump
Because, you know, ethics.
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you → know → ethics
The White House referred questions about whether Trump had been involved with planning the dinner or would be paid to attend it to the event’s host, who did not respond to a request for comment.
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who → refer → comment
The event was first reported by the Washington Sun.
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event → report → Sun
The coin’s backers—who have a licensing deal with Trump—have also set up contests with access to swanky hospitality suites at the World Cup and Super Bowl.
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who → have → Cup
Another contest currently running offers the winner tickets to the F1 grand prix in Singapore, next weekend.
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contest → run → Singapore
As I wrote in April, shortly after the Mar-a-Lago event:
Donald Trump launched the $TRUMP meme coin (and the associated $MELANIA meme coin) just three days before his second inauguration.
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Trump → write → inauguration
The price of the coin immediately rocketed past $74, giving it a total market capitalization of around $15 billion—a rather absurd figure for a brand new digital asset that can’t actually be used for anything.
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that → rocket → anything
The coin has no inherent value.
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coin → have → value
It has no transactional use.
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It → have → use
It essentially functions as a digital endorsement of Trump—so perhaps fittingly, it’s price has since fallen even faster than the president’s approval ratings.
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price → function → ratings
Since that high point of $74, the value of the coin dropped drastically and, in recent months, has maintained a steady low price.
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value → drop → price
As of Friday afternoon, it was priced at about $2.00.
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it → price → 2.00
When he returned to the White House last year, Trump declared he would be the “crypto president” and would do what he could to advance the blockchain economy.
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he → return → economy
But even many crypto enthusiasts were not particularly happy when he launched the meme coin shortly before inauguration.
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he → launch → inauguration
And it has proved to be a spectacularly bad deal for many investors.
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it → prove → investors
According to an analysis from June, more than 1 million investors lost around $3.8 billion, combined, as the coin’s value dropped.
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value → accord → billion
On the other hand, according to Trump’s latest personal financial disclosure, he appears to have earned about $635 million from the arrangement.
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he → accord → arrangement
The Aporia
