An analysis of the guest list for President Trump’s upcoming meme coin dinner has revealed that more than half of the top cryptocurrency holders vying for seats likely reside outside the United States, based on their use of exchanges that prohibit American customers.

The dinner, scheduled for November 22nd at Trump National Golf Club outside Washington, will accommodate the 185 largest holders of the $TRUMP meme coin. According to the website for Fight Fight Fight LLC, the company behind the digital token, a public leaderboard displays the top 100 holders currently competing for seats. President Trump is listed as the featured speaker, alongside three individuals identified only as “legends” who have not yet been named. The top 29 holders will receive front-row seating and access to a VIP reception with the President.

This event represents the latest intersection of business interests and political access during President Trump’s second term. Financial disclosure documents indicate that the President earned at least $635 million in royalties last year from a licensing agreement connected to the $TRUMP token. The revenue stream continues, as an affiliate of the Trump Organization receives payment whenever the coin changes hands, according to the meme coin’s official website.

The analysis examined transaction histories of the cryptocurrency wallets listed on the dinner’s leaderboard using blockchain intelligence data. While the specific identities of wallet owners remain private, it is possible to determine which exchanges users employ to purchase cryptocurrency tokens.

Of the 100 top holders listed, at least 52 have moved funds through cryptocurrency exchanges that explicitly bar United States customers, including Binance, Bybit, and MEXC. Industry analysts typically treat accounts using these platforms as belonging to individuals or entities based outside American borders. According to cryptocurrency data experts, while absolute certainty remains elusive, the use of these exchanges provides strong indication that non-United States persons or entities conducted the transactions.

At least 44 users on the leaderboard conducted transactions through Binance before acquiring their $TRUMP holdings. These users who transacted on exchanges barring American customers account for nearly $6.8 million of the more than $15 million in total value reflected on the coin leaderboard.

The structure of the $TRUMP meme coin itself warrants examination. CIC Digital LLC, a Trump Organization affiliate, along with Fight Fight Fight, together control 80 percent of the total $TRUMP supply, according to the project’s website. Fight Fight Fight’s parent company, Celebration Cards LLC, operates under a licensing agreement to use President Trump’s name and likeness.

Critics have raised concerns about the implications of this arrangement. Progressive advocacy groups have characterized the situation as an unprecedented opening for foreign influence, noting that what once required clandestine channels now appears to operate through direct commercial transactions.

The facts themselves present a picture that merits attention regardless of political affiliation. A sitting President hosts a dinner where attendance depends on holdings of a digital token from which he profits substantially, and the majority of top holders appear to be based overseas. These circumstances would have been difficult to envision in any previous administration.

The November dinner will proceed as planned, and the cryptocurrency markets will determine the final composition of attendees based on their holdings as the date approaches.

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