Mar-a-Lago Club Hosts Crypto Conference, Trump Coin Plummet Draws Attention
Former President Trump hosted the second Trump Coin ($TRUMP) conference at his Mar-a-Lago club in Florida, despite the coin having plummeted 96% from its peak last year. This event, which combines Trump's presidential status with his family's growing crypto business, has drawn ethical concerns and calls for investigation.
📋 Article Processing Timeline
- 📰 Published: April 26, 2026 at 10:48
- 🔍 Collected: April 26, 2026 at 11:01 (13 min after Published)
- 🤖 AI Analyzed: April 26, 2026 at 12:34 (1h 32m after Collected)
Washington, April 25 (CNA) — US President Donald Trump hosted the second Trump Coin ($TRUMP) conference today at his Mar-a-Lago club in Palm Beach, Florida. This grand event proceeded as scheduled, even though “Trump Coin” has plummeted by 96% from its peak last year.
The gathering invited the top 297 holders of the meme coin $TRUMP, with Trump calling it “the world's premier” cryptocurrency business forum and serving as the keynote speaker. The top 29 holders were also invited to celebrate with champagne alongside the President.
Reuters reported that this day's event once again showcased Trump's approach of combining his presidential status with his family's increasingly large crypto asset business. Most government ethics experts believe this practice is extremely rare in contemporary times, especially given the surge in the presidential family's crypto assets influencing the direction of US cryptocurrency policy.
Calls for increased scrutiny of the Trump family's broader involvement in the cryptocurrency business have grown recently, with Democratic leaders calling for an investigation.
The gathering was not open to the public, but Trump later told reporters that he felt an “obligation” to support the crypto industry.
Before boarding Air Force One to return to Washington D.C. this afternoon, Trump stated: “As president, I must ensure that all industries develop well. The crypto industry is enormous and has actually become mainstream.”
Reuters reported that many small investors who bought “Trump Coin” in its early stages have seen their investment gains almost evaporate. However, the Trump family and its associated entities continue to profit from the cryptocurrency ecosystem.
A Reuters investigation indicated that the Trump family has acquired over $1 billion from crypto asset sales, with related sales profits reaching at least $336 million in the first half of 2025 alone, and unrealized profits potentially reaching billions of dollars more.
Last year, the first “Trump Coin” competition held at a golf club near Washington D.C. also raised questions from ethics experts.
$TRUMP is currently hovering near historical lows, far below its high of $75 recorded in January 2025, shortly after its initial release.
According to trading platform data, $TRUMP was quoted at about $3 late last night; during Trump's speech today, it briefly fell to $2.53; after he left Florida, the quote remained below $2.6.
Analysis firm Nansen noted that the 297 selected holders collectively hold approximately $29 million worth of $TRUMP, an amount significantly lower than the $148 million they held during the first competition in May 2025.
An analysis prepared by Nansen for Reuters stated: “The current market situation is vastly different from when it was first issued last year. When it was listed in 2025, investors actively bought and held, driving the market price up. There was a brief surge in 2026 as well, but it lacked the confidence of 2025, and market demand did not persist.” (Compiled by Chi Chin-ling) 1150426
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The gathering invited the top 297 holders of the meme coin $TRUMP, with Trump calling it “the world's premier” cryptocurrency business forum and serving as the keynote speaker. The top 29 holders were also invited to celebrate with champagne alongside the President.
Reuters reported that this day's event once again showcased Trump's approach of combining his presidential status with his family's increasingly large crypto asset business. Most government ethics experts believe this practice is extremely rare in contemporary times, especially given the surge in the presidential family's crypto assets influencing the direction of US cryptocurrency policy.
Calls for increased scrutiny of the Trump family's broader involvement in the cryptocurrency business have grown recently, with Democratic leaders calling for an investigation.
The gathering was not open to the public, but Trump later told reporters that he felt an “obligation” to support the crypto industry.
Before boarding Air Force One to return to Washington D.C. this afternoon, Trump stated: “As president, I must ensure that all industries develop well. The crypto industry is enormous and has actually become mainstream.”
Reuters reported that many small investors who bought “Trump Coin” in its early stages have seen their investment gains almost evaporate. However, the Trump family and its associated entities continue to profit from the cryptocurrency ecosystem.
A Reuters investigation indicated that the Trump family has acquired over $1 billion from crypto asset sales, with related sales profits reaching at least $336 million in the first half of 2025 alone, and unrealized profits potentially reaching billions of dollars more.
Last year, the first “Trump Coin” competition held at a golf club near Washington D.C. also raised questions from ethics experts.
$TRUMP is currently hovering near historical lows, far below its high of $75 recorded in January 2025, shortly after its initial release.
According to trading platform data, $TRUMP was quoted at about $3 late last night; during Trump's speech today, it briefly fell to $2.53; after he left Florida, the quote remained below $2.6.
Analysis firm Nansen noted that the 297 selected holders collectively hold approximately $29 million worth of $TRUMP, an amount significantly lower than the $148 million they held during the first competition in May 2025.
An analysis prepared by Nansen for Reuters stated: “The current market situation is vastly different from when it was first issued last year. When it was listed in 2025, investors actively bought and held, driving the market price up. There was a brief surge in 2026 as well, but it lacked the confidence of 2025, and market demand did not persist.” (Compiled by Chi Chin-ling) 1150426
Stand with facts, your every sponsorship is the power to protect press freedom.
Download the CNA “First-hand News” App to stay updated with the latest news instantly.
The text, images, and videos on this website may not be reproduced, broadcasted, publicly transmitted, or utilized without authorization.