TECH
At Trump's $148 million meme coin dinner, 'the food sucked' and security was lax
PUBLISHED FRI, MAY 23 2025 5:24 PM EDT
UPDATED AN HOUR AGO
MacKenzie Sigalos
@KENZIESIGALOS
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 like Sandy Carter of Unstoppable Domains and former NBA star Lamar Odom.
Trump delivered a brief address re-hashing old crypto talking points, then left on a helicopter before taking any questions or pictures with his meme coin contest winners.

Crypto investor and $TRUMP token holder, Nicholas Pinto, attends gala dinner for contest winners.
Nicholas Pinto
The price of President Donald Trump's meme coin plunged 16% as of Friday morning, just hours after he hosted a black-tie gala at his Virginia golf club for its biggest buyers an elite crowd that spent a combined $148 million on the token for the chance to be there.
It was billed as "the most exclusive invitation in the world."
Among the 220 attendees were crypto influencers, industry executives like Sandy Carter of Unstoppable Domains, 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, like 25-year-old Nicholas Pinto whose dad drove him to the event in his Lamborghini left underwhelmed and still hungry.
"The food sucked," Pinto said. "Wasn't given any drinks other than water or Trump's wine. I don't drink, so I had water. My glass was only filled once."
Trump made only a brief appearance. "He didn't talk to any of the 220 guests maybe the top 25," Pinto said.
All in, the president was there for 23 minutes, Pinto said. Trump delivered a brief address re-hashing old crypto talking points, then he left on a helicopter before taking any questions or pictures with his meme coin contest winners.
Phones weren't locked in RFID pouches, and security was lax, according to Pinto.
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