WASHINGTON: United States President Donald Trump hosted a closed-door dinner for hundreds of top investors in his crypto memecoin on Thursday (May 22), as sign-holding protesters outside and Democrati

Moo Deng, which is based on a baby pygmy hippo, has risen to a $230 million market cap this month after the meme went viral online in 2024. The token skyrocketed over 836% in May and jumped another 21% over the past 24 hours.

More companies are announcing plans to buy cryptocurrencies to help lift their share prices.

Trump administration critics have called attention to the likelihood that a substantial number of attendees are foreign investors, suggesting that Trump’s memecoin venture could serve as an avenue for foreign interests to attempt to influence White House policymaking and purchase access to administration officials.

Memecoins have been a part of the cryptoasset ecosystem virtually ever since the asset class achieved mass market awareness and appeal during 2017-2018. While most memecoin projects have been revealed,

As President Donald Trump headed over to his Virginia golf course for a gala with the 250 top buyers of his $TRUMP “memecoin,” Democrats are trying to find ways to push back on the president’s incursions in the cryptocurrency market.

These were once the dominant players in the penny stock-like corner of the cryptocurrency markets that plays home to memecoins — a risky type of digital asset that, unlike its big brother counterparts bitcoin and ether, has no inherent value. And then came President Donald Trump ’s $TRUMP.

An all-party delegation will be in Japan to talk about India’s strong stand against terrorism by speaking about the recent Operation Sindoor as part of a global outreach. US President Donald Trump will host an exclusive dinner for his top meme coin investors.