President Donald Trump on Saturday attended a conference for top holders of his meme coin, delivering off-the-cuff remarks for nearly an hour to an adoring crowd of crypto investors, tech executives, hedge fund managers, and MAGA diehards. The event, held at Mar-a-Lago, landed as the Trump family's sprawling crypto portfolio faces growing scrutiny on Capitol Hill, causing divisions even among Republicans as key crypto legislation stalls in Congress.
Entrance to the crypto conference was granted only to the top few hundred holders of Trump's meme coin. The token's top 29 investors also gained access to an additional, VIP-only gathering with the president. Announcement of the event initially spiked the price of Trump's meme coin, which trades as TRUMP, up from $2.93 to $4.37—an increase of almost 50%. However, the coin has since dropped significantly in value, trading at just $2.51 at writing. The token is down over 96% since launching in January 2025.
Despite the token's sagging price, conference attendees who spoke with Decrypt said they were generally pleased with the event—chiefly because it allowed them to visit Mar-a-Lago, a venue of great significance in Trumpworld. One attendee told Decrypt he qualified to attend after purchasing just $3,000 worth of the president's meme coin. Multiple guests described the crowd as predominantly foreign, with at least half appearing to have flown in from Asia.
After speaking briefly in private with his top meme coin holders, the president then delivered off-the-cuff remarks to the entire conference for nearly 45 minutes. Trump discussed America's ongoing war with Iran, crypto regulation, and former president Joe Biden. Notably absent at the talk, according to multiple attendees, was Justin Sun—the controversial crypto entrepreneur who has historically been the top holder of the TRUMP token. Last week, Sun filed a lawsuit against the Trump family's crypto platform, World Liberty Financial.
After finishing his speech, Trump departed for Palm Beach International Airport. When asked by Decrypt why he chose to attend his own meme coin conference, Trump emphasized supporting the industry generally, stating: "I really feel I have an obligation as a president, I have to be able to make sure all of our industries do well."
The event featured panels on neurotechnology and resilience, with motivational speaker Tony Robbins urging the audience to embrace AI agents or hard manual labor. Present for the whole day was Bill Zanker, the man at the center of Trump's meme coin operation, who unveiled a new "Trump Club" for top token holders promising exclusive experiences at major sporting events.
