<b>Trump Hosts Winners of Meme Coin Contest Amid Crypto Scrutiny</b>

US President Donald Trump hosted a gathering for winners of his second annual meme coin contest at Mar-a-Lago in Palm Beach, Florida. The event was held on Saturday and was attended by the top 297 buyers of the $TRUMP cryptocurrency who registered for the contest.

The gala took place as scrutiny of the Trump family's broader crypto ventures has intensified. Democratic leaders have called for investigations into the matter.

Despite the token's value having plummeted over 95% from its peak last year, top buyers were treated to a 'special VIP reception and champagne toast' with the president. The day-long event was billed by Trump as the 'most exclusive' crypto and business conference in the world.

The Trump family has been at the center of controversy regarding their involvement in the crypto industry. A Reuters examination found that the family has taken in over $1 billion from crypto asset sales, including at least $336 million tied to meme-coin sales in the first half of 2025 alone.