President Trump’s meme coin, $TRUMP, has delayed the unlocking of insider tokens by 90 days. The token surged 50% after announcing an exclusive dinner with Trump for top holders. Senators Warren and Schiff are demanding an ethics investigation over potential “pay to play” issues, raising concerns that investors might gain political favors through their purchases. Despite generating over $350 million in fees for insiders and having no underlying product, accountability efforts may falter due to Republican control in Congress. Currently, only 20% of $TRUMP tokens are tradable, with the remaining locked for three years.
Trump Meme Coin Controversies: Delayed Sale and Dinner Invitation Spark Ethics Concerns
