A Solana Meme Coin Launched at Trump’s Crypto Dinner – and Crashed Quickly
The exclusive crypto dinner hosted by former President Donald Trump became the unlikely stage for a dramatic Solana meme coin launch — but it quickly ended in failure.
Dreaming From a Lavish Dinner
On Thursday night, at Donald Trump’s so-called “crypto dinner,” 220 top holders of the $TRUMP token showed up after spending an average of $4.8 million in TRUMP to be invited. As the President addressed a room full of VIPs, one attendee decided to seize the golden opportunity: launch a Solana meme coin called Trump Dinner (DINNER) right from his personal phone — all recorded and posted to the project’s Telegram group.
Speculative Lightning Wave
Soon after the video was shared, many speculators on the Pump.fun platform rushed to buy the token, hoping that it was backed by a powerful "whale" and that the Trump event would help the token fly. And for the first few minutes, it seemed like that belief was correct: DINNER peaked at a market cap of $450,000.
But the excitement didn't last long.
Disillusionment: Individual Controls 10% and Manipulation Suspicions
Two red flags immediately extinguished DINNER's rally. First, the deployer controlled nearly 10% of the total supply — far beyond what is socially acceptable for meme projects. Second, according to analytics tool TrenchBot, 44% of the tokens were bundled in multiple wallets, a common tactic to create a false sense of decentralization.
While the deployer proposed to “correct” the mistake by sending 5% of the tokens to TRUMP’s official wallet, he instead… mistakenly sent them to his own wallet, further angering the community.
Sharks Seize the Opportunity – Buyers Are Burnt
Some “sniper” wallets entered early, buying tokens just minutes after the deployment and cashing out huge profits. The first wallet to buy DINNER for $177 in SOL sold it in three transactions, netting more than $3,600, according to on-chain data. Meanwhile, the deployer did not sell the large amount of tokens he was holding, raising questions about his true intentions.
Anger Spills on Social Media
On the X platform (formerly Twitter), investors began calling for the DINNER creator to be “hunted down.” A user going by the pseudonym Cloxes claimed to have lost $4,000 of SOL and called for “this guy to go to jail.”
The token now has a market cap of $14,350, down more than 92% from its peak. Those who entered late — “very late,” as the coin’s creator put it in his final video — are left with empty pockets.
From “Dinner” to “Scam”
From a glamorous event filled with networking opportunities with the crypto elite, Trump’s crypto dinner became a cover for a forgettable failure in the world of meme coins. DINNER may have been served hot that night — but on the blockchain, it went cold in a matter of minutes.