https://finance.yahoo.com/markets/crypto/articles/trump-hosts-crypto-contest-winners-090836935.html

Trump hosts crypto contest winners at Mar-a-Lago as his coin languishes

PALM BEACH, Florida, April 25 (Reuters) - U.S. President Donald Trump hosted winners of his second annual meme coin contest at his Mar-a-Lago club in Palm Beach, Florida, on Saturday, offering top buyers of his $TRUMP cryptocurrency an audience with him even as the token's value has plunged more than 95% from its ‌peak last year.

The day-long event is the latest example of Trump blending presidential stature with his family’s growing portfolio of speculative crypto ventures - a convergence government ethics experts say has little modern precedent, particularly since Trump's personal crypto wealth has ballooned as he reshapes U.S. crypto policy.

Contest rankings were based not only on holdings of $TRUMP but also on purchases of Trump-branded merchandise - including sneakers, watches and fragrances - between March 12 and April 14. Winners are set to receive Trump-branded items including a commemorative poster, two trading cards, a "Fight Fight Fight Red Beauty" watch and a fragrance.

Late on Friday, $TRUMP was trading at roughly $3. As Trump spoke it fell to $2.53 amid a flurry of trading on Saturday morning and remained below $2.60 after he left Florida.

Among the top $TRUMP wallets, according to blockchain data, is one linked to crypto billionaire Justin Sun, who finished first in the contest for the second consecutive year.

Sun, one of the largest publicly known investors in World Liberty, sued the company on Tuesday, alleging that it froze his holdings. Investors have grown frustrated with the venture, saying it is opaque, tightly controlled and unresponsive to ‌complaints.

Edited April 26Apr 26 by CallumWK

Keep an eye on this dude: Zach Witkoff. Yes he is the son of Steve Witkoff. This guy is the CEO of World Liberty Financial. Never guess which family owns a piece of this company? Yes, the name is Trump. I have never heard of this company or Zach Witkoff until I saw a 30 second mention of him and company on NHK World TV of Japan. NHK was doing a story on crypto investors in Pakistan. Zack Witkoff got a royal welcome to Pakistan by government officials because he considering building a crypto facility in Pakistan. Of course his name and association with the Trump family have nothing to do with his reception in Pakistan?. I have no interest in crypto and have no desire to purchase this "asset" but to me it sounds like it could collapse at any moment.