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Welcome to The Logoff: Donald Trump is as soon as once more promoting entry to the very best bidder(s).
What’s occurring? On Thursday, the Washington Solar’s Jeff Stein reported that Trump will reprise his 2025 “crypto dinner” later this yr, internet hosting among the high buyers within the $TRUMP memecoin at his Virginia golf membership.
The highest 185 holders of $TRUMP will obtain an invitation to the occasion, which the web site describes because the “Most EXCLUSIVE DINNER IN THE WORLD.” The highest 29 $TRUMP holders may even be eligible for a “particular VIP reception.”
What’s $TRUMP? As my colleague Adam Clark Estes explained last year, memecoins like $TRUMP are “all however make-believe.” The coin is a crypto token, or “a sort of digital asset that’s constructed on a cryptocurrency’s blockchain, however it isn’t a full featured cryptocurrency, like bitcoin.”
In different phrases, shopping for it doesn’t get you very a lot — the worth of the coin has collapsed since early final yr when Trump took workplace — however it should get you an opportunity to have dinner with the president.
What’s the context? This would be the third main occasion Trump has hosted for consumers of $TRUMP, following a May 2025 dinner at his Virginia membership and a “crypto and enterprise convention” earlier this year at Mar-a-Lago, the place Trump gave a keynote speech.
However it’s simply one of many many, many ways in which Trump and his household have discovered to complement themselves via crypto: There’s additionally one other memecoin, $MELANIA, and his profitable crypto agency, World Liberty Monetary, which obtained a $500 million funding from a member of the United Arab Emirates royal family final yr.
Strictly talking, as Stein factors out, Trump himself doesn’t personal the corporate minting $TRUMP, although he nonetheless profits handsomely, to the tune of $636 million final yr, from transaction charges and different income. And he’s made much more off World Liberty Monetary, which he and his sons do personal, together with others: $799 million in 2025 alone, according to financial disclosure forms filed earlier this yr.
And with that, it’s time to log out…
Don’t miss this story about “junk journaling” from my colleague Rachel Miller, a interest that she describes as “a good way to deal with digital malaise and existential dread.” (Wanted!) You possibly can learn it with a present hyperlink here.
Plus: It’s a big day for Denali Nationwide Park’s sled canine puppies, of whom I’m a giant fan.
