Trump hosts crypto contest winners at Mar-a-Lago as his coin languishes
Representation of cryptocracy coins with the $Trump meme coin and bitcoin in this photo illustration in Brussels, Belgium, on Feb. 8, 2026. Nurphoto | Nurphoto | Getty Images President Donald Trump hosted winners of his second annual meme coin contest at his Mar-a-Lago club in Palm Beach, Florida, on Saturday, offering top buyers of his $TRUMP cryptocurrency an audience with him even as the token’s value has plunged more than 95% from its peak last year. The gala took place as scrutiny of the Trump family’s broader crypto ventures has intensified, with Democratic leaders calling for investigations. The 297 largest $TRUMP token holders who registered for the contest attended a gathering that Trump has billed as the “most exclusive” crypto and business conference in the world, where he gave the keynote address. The top 29 also attended a “special VIP reception and champagne toast” with the president. The day-long event is the latest example of Trump blending presidential stature with his family’s growing portfolio of speculative crypto ventures — a convergence government ethics experts say …


