The White House has confirmed that Donald Trump will attend and deliver a keynote address at an exclusive gala for top holders of his Official TRUMP memecoin this Saturday, according to a Reuters report. The event, hosted at Mar-a-Lago, is being organized by the team behind the token and is expected to draw a select group of high-value participants.
White House confirms Trump’s appearance at token holder event
Attendance is limited to the top 297 TRUMP token holders, while an even smaller group, the top 29, will gain access to a private reception with the president. The confirmation settles earlier uncertainty after initial reports suggested Trump’s presence was not guaranteed due to potential scheduling conflicts, including the White House Correspondents’ Association Dinner taking place the same day.
U.S. President Donald Trump has confirmed his attendance at a private gala for top holders of his TRUMP memecoin at Mar-a-Lago. This event underscores the growing influence of memecoins in the crypto sphere.
— Ben Ruggles (@BenRustC) April 24, 2026
Despite earlier disclaimers from organizers stating the event could be cancelled or proceed without Trump, the latest confirmation signals a firm commitment from the White House.
Meanwhile, On-chain analysis by Nansen shows that the TRUMP memecoin generated approximately $1.35 billion in trading volume across 2.74 million transactions before the gala. The Trump family earns a fee from each transaction, though the structure is not public. Notably, the stable trading volume suggests that wallets may be “flipping for leaderboard points” rather than establishing long-term holdings.
Lawmakers raise conflict-of-interest concerns
Trump’s involvement in the event has reignited criticism from Democratic lawmakers, including Elizabeth Warren, Richard Blumenthal, and Adam Schiff. The trio previously sent a letter to Bill Zanker, a key figure behind the TRUMP memecoin, questioning whether the event effectively offers political access in exchange for financial participation.
Their concerns centre on the idea that promoting proximity to a sitting president could incentivize purchases of the token, potentially generating transaction-related revenue tied to Trump and his associates. Critics argue that such arrangements blur the line between political office and personal financial interests.
This is not the first time the TRUMP token has drawn scrutiny. A similar gathering held at a Trump-owned golf club in May 2025 sparked backlash over claims that the president was leveraging his position for financial gain.
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