Under the leadership of US President Donald Trump, a closed event is being held at the Mar-a-Lago club in Palm Beach, Florida, with the participation of leading names in the cryptocurrency world. This special meeting opened its doors to the 297 largest investors of the meme coin bearing Trump’s name and brought together important representatives of the finance and digital asset sectors.
Meeting of the crypto and finance world
Among the speakers who made their mark at the event were Bill Zanker, one of the founders of the TRUMP meme coin, and then the famous boxer Mike Tyson. The attendee list was full of notable names from the crypto and traditional finance sectors.
In his speech, Tether CEO Paolo Ardoino drew attention to the relationship between financial inclusion and the global role of the American dollar. At the same time, Cathie Wood, founder of Ark Invest, and Nikil Viswanathan, CEO of crypto infrastructure provider Alchemy, discussed the intersection of artificial intelligence and cryptocurrency. With the growth of both sectors, this title has recently been closely followed by investors.
Anchorage Digital CEO Nathan McCauley offered up-to-date evaluations of both the crypto and traditional equity markets at the event. ProCap Financial’s Anthony Pompliano was also on stage. Attendees include classic financial investors Tim Draper and Grant Cardone and author Tony Robbins.
Trump’s cryptocurrency strategy and reactions
The meeting stands out as a new reflection of the steps taken by Trump to support the digital asset sector after he returns to the White House in 2025. While it was stated on the website of the event that Trump would be the main speaker, it was emphasized that the participants consisted only of the largest holders of the $TRUMP token. This token has been launched as a meme coin named after the president.
A similar meeting previously hosted by Trump drew reactions from Democratic politicians. In the statements made at that time, Trump was criticized for both generating income through the crypto token issued in his name and working on industry-friendly regulations.
“Trump’s support for the digital asset industry while at the same time generating revenue from tokens issued under his name has brought about ethical debates in political circles.”
Sharp decline in $TRUMP and $MELANIA tokens
Among the crypto projects launched with Trump’s return to office, two meme coins named $TRUMP and $MELANIA stand out. These tokens gained support through public profiles identified with the president and his wife. However, the short-term rise of these cryptocurrencies, which grew only due to the name effect without offering any technical benefit, was later replaced by sharp losses.
The $TRUMP token has fallen nearly 97 percent from its peak value since its launch following the second inauguration in January 2025. Similarly, there was a 99 percent decline in the $MELANIA coin following a rapid rise. Transaction fees from these two meme coins provided millions of dollars of income to organizations owned by Trump and his family.
