Afraid of ruining the scene? Trump's encryption banquet competition has ended: 220 winners will advance to Washington, D.C., and must pass background checks.

The results of the official meme coin $TRUMP competition of U.S. President Trump have been announced. The top 220 coin holders will be invited to an exclusive dinner held in Washington D.C., with the opportunity to receive rare NFTs as rewards. However, this encryption gala has also raised external concerns regarding conflicts of interest and legal risks. Currently, the organizing team seems to be wary of potential scrutiny and will conduct background checks on the selected participants.

The Trump coin competition has concluded, and the dinner guest list is out.

The first major event "Dinner Competition" hosted by Trump based on his own meme coin has officially concluded. The official Twitter account announced last night that the top 220 participants will be invited to an exclusive dinner held at Trump National Golf Club ( in Washington, D.C.

The First $TRUMP Competition is officially over! Details and what’s next for $TRUMP Below:

If you were in the top 220 on the leaderboard, check the email you signed up with for details on the Dinner with President Trump as soon as possible. There will be background checks that…

— TrumpMeme )@GetTrumpMemes( May 12, 2025

The organizer stated: "The first TRUMP competition has officially ended. If you are in the top 220 on the leaderboard, please check the email you registered with immediately."

To ensure the safety of the event, all invitees must pass a background check to confirm their eligibility to attend.

How much does it cost to have a meal at Trump's house? The TRUMP team clarified that the dinner threshold is very low, not 300,000 dollars!

In addition to the dinner invitation, the organizers also announced additional rewards:

As long as you hold the same number of TRUMP on the day of the dinner as on the snapshot date, you will receive a limited edition "Trump Diamond Hand" Solana NFT.

The official emphasized that the NFT is "very rare and has collectible value," and it is believed to encourage investors to be a TRUMP "diamond hands" to maintain the stability of the coin.

Spending 148 million USD for a "political ticket"?

According to Reuters, citing data from Inca Digital, participants have invested approximately $148 million to have the chance to have dinner with Trump by purchasing TRUMP tokens. These "dinner-for-coin" events have seemingly turned into high-risk speculative trading, with the cost of issuing tokens ultimately appearing to flow back into Trump's pockets.

)Trump's two encryption dinners in May: tickets priced at 1.5 million dollars criticized as bribery, Trump retaliates against legislators' stock trading behavior(

Chainalysis data further shows that 58 wallet accounts have made profits exceeding 10 million dollars, accumulating a total profit of 1 billion dollars; however, at the same time, as many as 764,000 wallets have incurred losses, indicating that the investment risk in this competition is extremely high.

Democratic Party lawmakers launched an investigation, questioning potential legal risks.

Despite the eye-catching event, Trump's encryption business is facing increasing political and legal challenges. Last week, Senate Democrat Richard Blumenthal sent a letter to the coin vendor Fight Fight Fight LLC, announcing the initiation of a formal investigation into Trump's meme coin.

The letter points out that Trump's activities in the encryption field may involve conflicts of interest and legal risks, requesting the company to explain the details of the project operations and the flow of funds.

Senator Warren and Congressman Adam Schiff also criticized in a joint letter that Trump's actions are akin to exchanging political power for private business investments, which is a blatant transfer of benefits.

This is an act of indirectly selling presidential-level hospitality rights.

The intersection of politics and encryption at the forefront: Trump is in his element.

From dinner competitions to NFT rewards, and then to the scrutiny of the U.S. Senate, the TRUMP meme coin is no longer just an alternative investment on the blockchain, but a new front related to Trump's political and financial strategy.

Despite the event attracting significant attention and funding, the accompanying legal risks and market concerns have cast a shadow over this presidential-level political fundraising spectacle.

)Ran Neuner claimed that TRUMP will promote the Truth Social meme coin, and the rumor is that USD1 is the key?(

This article: Afraid of ruining the event? Trump's encryption dinner competition ends: 220 winners advance to Washington, must pass background checks. First appeared in Chain News ABMedia.