US President Donald Trump hosted leading investors of his $TRUMP cryptocurrency at Mar-a-Lago in Florida, holding an exclusive event for top token holders. Reports said around 297 investors attended, with some invited to a VIP gathering.
The event came even as the meme coin has lost more than 95 percent of its value from earlier highs. Critics questioned the ethics of Trump’s links to crypto businesses while holding office. Supporters said the gathering reflected continued interest from wealthy backers.
Retail investors, however, have suffered heavy losses as the token’s value sharply declined.