U.S. President Donald Trump hosted a private dinner gala for the top 220 holders of his memecoin on May 22. The event received mixed responses from attendees, with some criticizing the food and lack of interaction with Trump, while others saw it as a networking opportunity. Some attendees dumped the coin after the event, causing its price to fall. Former NBA star Lamar Odom used the event to promote his own memecoin. The event was seen as a historical moment by some, while others viewed it as a social experiment in the crypto world.

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