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VOL. IV
NO. 275
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Worth It
* Today's news, fully digested. *
Late Edition | Friday, October 2, 2026 | themorningdump.com | Story 4 of 5
Money Desk | Friday, October 2, 2026
TRUMP IS RAFFLING OFF DINNER TO THE 185 BIGGEST HOLDERS OF A COIN DOWN 97%

TRUMP IS RAFFLING OFF DINNER TO THE 185 BIGGEST HOLDERS OF A COIN DOWN 97%

The team behind $TRUMP is running it back. On Nov. 22, the top 185 registered holders get into Trump National in Washington, D.C., with VIP status locked on Nov. 12. The top 29 get a VIP reception and the top four get 18-karat gold Trump watches, which is one way to recover a fraction of your money. The leaderboard is time-weighted, scoring you on how many tokens you hold and how long you sit on them. The coin hit an all-time high of $73.43 and traded around $2.04 on Oct. 1, roughly 97% below the peak. It jumped about 9% right after the dinner was announced, so the contest is already doing its job. Trump is advertised alongside three unnamed guests billed as "legends." The April event at Mar-a-Lago produced Mike Tyson. The site also says no attendee gets a private meet and greet with the president, so pack a camera and shrink your expectations. The coverage splits clean. Trade press ran the mechanics and the tiers. ABC and the watchdogs ran the word corruption. Public Citizen's August report put Trump crypto investors at least $4.7 billion underwater while the ventures generated about $1.4 billion for him in 2025, and its co-president called the dinner "unethical and unconscionable profiteering off the presidency" at best. Senate Democrats wanted the crypto market structure bill to limit officials' digital asset ties. The bill failed to advance.

Why you should give a shit: The dinner is not the product, the six weeks of forced holding before it are, and the guy running the contest also runs the agencies that would regulate it.

Sources

That's the dump. See you tomorrow, same bowl. - The Morning Dump crew

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