Former President Donald Trump hosted a luncheon at Mar‑a‑Lago on Saturday, gathering the largest holders of his eponymous memecoin. The event served as a rally for a crypto market that has been mired in a multi‑month downturn, with the token hovering near its recent lows. Attendees included prominent crypto investors, a handful of political allies, from New York and California, and media personalities.

During his remarks, Trump veered beyond cryptocurrency, touching on the ongoing war in Iran, his administration‑friendly stance toward digital assets, and the rise of artificial intelligence. He also praised Intel’s recent stock surge, noting the chipmaker’s strategic importance after receiving U.S. government backing. The eclectic agenda underscored his intent to blend political messaging with market enthusiasm, as well as global trade concerns.

Investors watched closely as the token’s price lingered just above its support zone, fearing further erosion could dampen the broader crypto recovery. While the gathering highlighted Trump’s willingness to champion digital currencies, market participants remain skeptical about any lasting impact without substantive policy changes. The luncheon nonetheless offered a brief boost to sentiment among the token’s core community for the upcoming election cycle.