Trump hosts crypto contest winners at Mar-a-Lago as his coin languishes

U.S. 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.