MAGA Crypto Influencer Feels 'Scammed' After Spending $370K on Trump Meme Coin Dinner - Here's What Really Happened
The Daily Beast6 hours ago
910

MAGA Crypto Influencer Feels 'Scammed' After Spending $370K on Trump Meme Coin Dinner - Here's What Really Happened

General Bitcoin News
trump
memecoin
cryptocurrency
scam
politics
Share this content:

Summary:

  • MAGA crypto influencer Nick Pinto spent $370,000 on Trump meme coins to attend what was advertised as a dinner with Donald Trump

  • Trump gave a 23-minute speech and left without eating, leaving attendees feeling "scammed" by false advertising

  • Top 220 purchasers of $TRUMP meme coins gained entry to the event, with supporters spending over $148 million total on tickets

  • Pinto admits he's holding onto his $TRUMP coins hoping for another event to spike the price, despite his disillusionment

  • The $TRUMP coin is currently trading at $6.26, down more than 3% from the previous day

The $370,000 Disappointment

A MAGA crypto influencer who spent hundreds of thousands of dollars on Trump meme coins to attend a private dinner with President Donald Trump has spoken out against the 79-year-old, claiming he feels "scammed" by the experience.

Nick Pinto, 25, attended a dinner at Trump National Golf Club in Virginia on May 22. The ticket cost him $370,000 at the time of the dinner, according to the Australian news program Four Corners, which interviewed Pinto about the disappointing event.

Crypto investor Nick Pinto attends President Donald Trump’s gala dinner for $TRUMP meme coin.

How the $TRUMP Meme Coin Dinner Worked

In January, 200 million $TRUMP meme coins were released to the public. The top 220 purchasers of the coin received access to the "black-tie optional" dinner. At least $148 million was spent by supporters on tickets for the evening, according to Reuters.

The event was advertised as "Have dinner with Donald Trump," and "the most exclusive invitation in the world" with the "Crypto President!" Protesters outside the dinner held signs saying "America is not for sale" and "Stop Trump's crypto corruption."

Pinto, who works as a marketing director at his brother's law firm, was No. 72 on the list of $TRUMP coin leader board after his $370,000 outlay. The Top 25 on the "leader board" of coin purchasers got a tour of the White House and an "ultra private VIP reception" with Trump.

What Actually Happened at the Dinner

In a TikTok video Pinto filmed during the event, he said Trump left the dinner without even eating. He told Four Corners he now realizes "the entire dinner was about making money."

President Trump speaks to $TRUMP meme coin dinner guests.

A suited-up Pinto complained on TikTok during the dinner, saying, "Trump came, gave a speech for, I think, exactly 23 minutes, and then he left. His helicopter was right back there, left pretty quickly, didn't stay for the dinner. Maybe he'll come back."

He said on Four Corners he soon realized there was "no hope" of Trump returning.

"He came, didn't eat, didn't drink water. I don't think he even used the bathroom," Pinto said. "He just left immediately on his helicopter. I would say the entire dinner was about making money."

The Aftermath and Political Fallout

When Four Corners asked if he felt ripped off, Pinto said, "I would say in a way, I do feel like I maybe kind of got scammed because it was definitely false advertising. They did advertise it as having dinner with Trump. And Trump did not eat anything at all, at least just drink a Diet Coke with us or something like that [then] we definitely would not have felt like we were scammed by him."

Speaking to the Daily Beast on Tuesday, Pinto said he remains disillusioned with the president after the dinner experience.

"I look at Trump differently than I did before attending. I have not been able to get the TikTok I wanted to get with the president and I don't even want to make a video with him even if he let me."

Nick Pinto shows a gift from the $TRUMP meme coin gala dinner.

The Financial Reality

However, Pinto admitted he has held onto almost all of his $TRUMP coins.

"I am hoping they announce another dinner or something similar that will spike the price again and I can sell it for more than what I bought it for," he said.

"If they don't, I'll keep holding as I don't need the funds at the moment."

Pinto told the Daily Beast his $TRUMP coins were at one point worth $480,000.

The $TRUMP coin is currently trading at $6.26, down more than 3 percent from yesterday.

The $TRUMP meme coin. A literal money-making scheme.

Political Consequences

Pinto revealed he has previously voted for Trump, but has now changed his mind.

"I wouldn't vote for Donald again, I may consider voting for his children, however, as I've met Eric and Donald Jr. and both were humble enough to talk to me," he told the Daily Beast. "Eric even let me take photo with him on two different occasions."

Comments

0

Join Our Community

Sign up to share your thoughts, engage with others, and become part of our growing community.

No comments yet

Be the first to share your thoughts and start the conversation!

Newsletter

Subscribe our newsletter to receive our daily digested news

Join our newsletter and get the latest updates delivered straight to your inbox.

BitcoinToday.app logo

BitcoinToday.app

Get BitcoinToday.app on your phone!