Trump memecoin hosts World Cup VIP event amid controversy over insider selling

A memecoin themed after U.S. President Donald Trump (TRUMP) is facing controversy over a promotion that explicitly warns of potential insider selling, CryptoSlate reported. The event, which began on May 12 and runs through July 1, offers rewards to the top 19 token holders, including VIP access to the 2026 FIFA World Cup final. The controversy stems from a disclosure stating that entities related to the project may sell their tokens during the promotional period. The outlet noted that this raises concerns about a potential conflict of interest, as the event encourages investors to buy and hold the token while insiders have reserved the right to reduce their positions.