An attendee of Thursday’s Trump crypto gala dinner launched a Solana meme coin through Pump.relaxing amid the president’s speech—posting proof of the action in a Telegram community.
The token did no longer arrangement grand traction, alternatively, topping out at a market cap of $450,000 sooner than it crashed and burned, with holders who it looks gambled on the token’s possibilities labeling the deployer a “scammer” and calling for “jail time.”
In a video posted within the meme coin’s Telegram community, the attendee could well furthermore be considered recording President Trump speaking to a room packed stuffed with suits. The digicam then pans downwards as they salvage their phone—which shows some Russian language text—and launch the Trump Dinner (DINNER) token.
The unnamed deployer used to be amongst the head 220 TRUMP holders invited to the weird and wonderful dinner on Thursday night, an tournament that fee high-tier “VIP” attendees an practical of $4.8 million value of TRUMP tokens to support.
Given that weird and wonderful backdrop, once they posted a video making a token, merchants on the Pump.relaxing thread believed the creator used to be a crypto “whale” and that the token used to be destined for a multi-million-dollar surge.
Erxn2WVviLZVPkZqsuGBgZc9hwZdme1ucuXXJc2Mpump$TRUMP
A COIN CREATED RIGHT AT TRUMP’S DINNER pic.twitter.com/jDC27DBn5K— Serg Nasral (@sergnasral) Would possibly 23, 2025
That by no arrangement came about, alternatively, and it’s likely the token struggled to create headway in consequence of two vital crimson flags that could possibly own concerned meme coin merchants.
First off, the deployer managed nearly 10% of the total offer—bigger than double the amount deemed socially acceptable within the trenches. And 2d, 44% of the tokens were bundled across multiple wallets in step with TrenchBot, a tool most incessantly archaic by merchants. A bundle is when a little bit of a token offer is sold through multiple wallets, giving the looks that no single community or person has too grand regulate over a coin.
As a end result, the token did no longer interrupt previous a $450,000 market cap, and crashed in mark by 89% in a topic of minutes.
“Stout clip dev internet. What you wish 10 p.c for? lmao,” one Pump.relaxing commenter said, urging the creator to sell all of their tokens.
After posting four dinner-connected movies within the token’s Telegram chat, alongside with one of President Trump dancing to “YMCA,” the deployer heard the neighborhood’s concerns and equipped to send segment of his offer to the respectable TRUMP meme coin deployer pockets.
“5%. Send it,” the creator wrote on Telegram, attaching a SolScan link. However, come what might, they’d despatched the tokens to their have pockets, moderately than TRUMP.
Following this circulation, the token rallied 118% to a $137,920 market cap as a video of the attendee’s filet mignon entered the chat—sooner than sharply crashing forty five% abet the total vogue down to $76,100.
“Coin is a rip-off lmao,” a Pump.relaxing commenter wrote. “He despatched 5% to himself.”
By this point, upset token holders began to rob to X (formerly Twitter) to say their arouse with the failed project.
“Receive this dude [for real], he stole [$4,000 in SOL] from me. My pockets is so inappropriate [right now], please procure this dude, rip-off everybody [for real],” pseudonymous trader Cloxes wrote on X. “Jail time,” Cloxes wrote in one other post.
Others referred to as out the end to 44% offer being bundled as accountable for the project’s failure. On the opposite hand, there is most interesting on-chain proof of the deployer’s have pockets and a vary of diminutive fry snipers buying the token sooner than the distinctive video used to be posted—two minutes after being deployed.
The main pockets to aquire and revenue off the token sold DINNER a minute after the video used to be posted, hunting for in with $177 in SOL and sooner or later promoting for $3,600 in revenue through three transactions.
Basically, the creator’s pockets—no topic proudly owning 10% of the availability and suspiciously sending half of of the stash to himself, moderately than to the TRUMP pockets—by no arrangement the truth is equipped.
Within the final video posted within the Telegram, the attendee showed workers packing up after handing out particular model watches given to the head four TRUMP holders. Within the deployer’s say, you’re going to be ready to hear wretchedness as his DINNER token sat at a measly $58,000 market cap.
“Are you a holder of the DINNER coin?” the deployer said, moderately seductively, sooner than pausing, “Yeah… calm early…”
Consumers weren’t calm early, alternatively—they were very unhurried.
DINNER did no longer upward thrust once after this message and is at this time sitting at a market cap of $14,350—down a whopping 92.5% from its already disappointing all-time high.
Edited by Andrew Hayward
