President Donald Trump’s high-profile meme coin dinner has sparked renewed controversy, as new findings reveal that approximately 50 attendees reportedly hold crypto assets associated with far-right imagery, including symbols tied to white nationalism and neo-Nazi ideology.
The nonprofit government watchdog Citizens for Responsibility and Ethics in Washington (CREW) reported that several attendees of President Trump’s recent meme coin-themed dinner hold crypto assets containing extremist imagery. According to CREW, these assets include symbols commonly associated with the alt-right, such as Pepe the Frog, as well as depictions of swastikas, racial slurs, and anti-Semitic references.
The meme coin dinner was hosted at the Trump National Golf Club in Sterling, Virginia, and brought together the top 220 time-weighted holders of the Official Trump Token ($TRUMP). Organized as a high-profile gathering for prominent supporters and investors in the cryptocurrency bearing the president’s name, the event was billed as an exclusive reward for long-term token holders.
According to the report numerous wallets ranked on the Trump Token ($TRUMP) leaderboard hold a variety of meme coins, with approximately 45 linked to Pepe the Frog—a cartoon character that has become an enduring symbol among far-right communities.
Pepe’s transformation into a controversial icon began during the 2016 U.S. presidential campaign, when users on the anonymous message board 4chan repurposed the image as a symbol of white nationalism.
The character has since appeared prominently at events associated with extremist ideology, including the 2017 Unite the Right rally in Charlottesville and the January 6 Capitol insurrection, where individuals were seen wearing Pepe-emblazoned gear. The meme has also been adopted by followers of white nationalist figure Nick Fuentes, who refer to themselves as “Groypers”—a term derived from a variation of the Pepe meme.
Among the wallets holding Pepe-themed digital assets, nine were found to contain tokens with names that are explicitly racist or antisemitic. These include one token titled “FUCK THE JEWS” and another named after a racial slur.
Additionally, four tokens referenced Nazi iconography, bearing names like “Swasticoin” and “Swastika Coin.” The findings emphasize a disturbing overlap between certain meme coin holders and the promotion of extremist ideology through digital assets.
The extent to which wallet holders intentionally acquired the offensive or hate-themed tokens remains uncertain. In many cases, automated trading strategies can purchase digital assets based on performance metrics or market trends, without regard for the token’s name or symbolism.
Even when purchases are intentional, some investors may prioritize potential gains over the asset’s branding—acquiring tokens as speculative bets rather than ideological statements. This ambiguity complicates efforts to assess whether ownership of such assets reflects endorsement of their underlying messages.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
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