Washington – President Donald Trump and his allies have raised almost $ 900,000 in commercial rates in the last two days of the president’s cryptocurrency tab of the president, according to Chainysis, a blockchain data company.
The increase occurred after an ad on Wednesday in which the main headlines of the file promised dinner with the president.
“Cena in Washington, DC with President Trump,” says a message on the cover of the Trump Coin website. The event, which is Optional Black and organized in President’s Private Club in the Washington area, is scheduled for May 22, with a reception for the 25 main headlines. A “White House VIP” will take place the next day, says the site. The website also houses an active classification table that shows the user names of the main buyers.
The Trump memecoin increased more than 50% in dinner news, increasing its total market value to $ 2.7 billion. He was received with critical fierce from some of Trump’s political opponents who said the measure was additional evidence that the president was using cryptography to enrich himself. Senator Chris Murphy, D-Conn., A prominent critic of Trump, wrote about X that the sale was “the most shameless corrupt that a president has made. Not close.”
According to the project website, they control approximately 80% of the $ Trump tokens supply, according to the project website. Since its launch in January, commercial activity has generated around $ 324.5 million in negotiation rates for experts, according to Chainysis. These rates are generated through the incorporated mechanism of the token that routes a percentage of each trade to the project controlled by the project, wallets that, according to the website, are linked to the creators of the currency.
Memecoras, often called memes tokens, are a subset of digital assets that use blockchain technology and obtain their value largely from the Internet culture, memes and social bombs instead of a utility or underlying active. Memecoins creators can make rates when their coins are bought and sold.
They have grown in popularity in recent years as speculative assets, with some currencies, including Dogecoin and Fartcoin, accumulating total market values exceeding $ 1 billion.
Most Trump’s supply remains blocked under a three -year award plan, and the coins are gradually available over time. Blocks like these are destined to protect investors preventing privileged information from charging everything at once, a commonly known scheme in the cryptographic world as a “pull of the carpet.” The awarding schedules aim to provide the confidence of retail buyers that early holders will not overwhelm the market and clarify the value of the Token.
Even so, the dinner contest is being seen by critics as an unusually explicit attempt to monetize presidential access.
As CNBC reported Friday, the sens. Democratic Adam Schiff of California and Elizabeth Warren of Massachusetts are urging the United States government ethics office to investigate whether the promotion constitutes the corruption of “payment to play.”
The White House did not respond to a request for comments. The company behind Memecoin also did not respond to a request for comments.
Delaney Marsco, director of Ethics of the Legal Campaign Center, a non -profit organization focused on the financing of the Government’s campaign, told NBC News that the currency and dinner contest amounted to an unprecedented rape of ethics, although it is unlikely to be illegal.
“The criminal statutes of conflicts of interest do not apply to the president,” he said. “That has allowed him to go against decades of norms to which each modern president since Carter has adhered, which is to unintentionally disin their financial interests, get rid of their businesses and go to the presidency with a clean financial list so that no one can accuse him of manipulating politics decisions or using his position to enrich himself.”
“The fact that the law does not prohibit you from having these financial interests such as this meme currency allows you to participate in a great apparently corrupt activity. It has the appearance of a payment to play, so the president is apparently selling access to himself,” Marsco added.
Molly White, an independent cryptographic researcher, told NBC News that the classification table only shows the main $ Trump holders, and then only by their chosen screen name, which makes it difficult to identify who is paying to potentially join dinner.
Schiff and Warren have cited public reports that show that some $ Trump investors have links with foreign exchanges or received prohibited cryptographic platform funds in the United States, including Binance.
White also pointed out that at least a better $ Trump owner has a Binance account, a cryptocurrency company that does not allow US users.
Trump was chosen with significant help from the cryptocurrency industry, which poured tens of millions of dollars in the 2024 elections, exceeding corporate donations of traditional sectors such as banking and oil. After opposing digital assets during his first mandate, Trump turned in 2024 to campaign as a cryptocurrency defender, launch democrats as hostile to innovation and advocate for a more strict regulation.
The Trump token does not offer any product or service, according to the project website. It is part of a broader impulse of the Trump family in digital assets, despite the volatility and regulatory risks of the market.
In addition to the $ Trump and $ Melania meme coins, the family is supporting World Liberty Financial, a decentralized financial company that has collected $ 550 million in two tokens sales since last October. Buyers are prohibited from reselling their tokens and not receiving a part of the profits, but an entity affiliated with Trump is entitled to 75% of net income, including the income of the sale of tokens.
Together, these projects have created new income currents for Trump and its internal circle at a time when the regulatory supervision of cryptocurrency has been sharply weakened under its administration.
