Investors in President Donald Trump's $TRUMP memecoin are getting another chance to share a room with the U.S. president, as the token's managers promote a third "gala dinner" for top holders — an event billed as "the most exclusive dinner in the world."

The top 185 registered investors in $TRUMP will be invited through the doors of Trump National, the president's private club in the Washington, D.C., area, on Nov. 22, according to the website that manages $TRUMP events. VIP status, determined by investors' engagement with the token, will be locked in on Nov. 12, the organization said. Competitions like this one have become a signature feature of the token, which ties access to the president directly to the size and activity of holders' positions.

Trump is set to attend the dinner at the club. The event listing advertises that three "legends" will join the president, though none has been identified so far.

When the gala dinner was announced, the token's price popped about 10% to $2.25 before sinking back toward the level where it has traded in recent days — still a small fraction of its all-time high of roughly $74. Such swings are familiar territory for memecoins, a class of tokens whose valuations rest largely on attention and community sentiment rather than revenue or utility, and which tend to react sharply to headline events involving their namesakes.

One thing is certain, according to the club: "No attendees will be granted a private meet & greet with the President." That proved a point of disappointment for some participants at past events, where Trump made only brief appearances and holders did not get the chance to meet him.

Top "VIPs" at this month's dinner will receive gifts, including a commemorative poster and a bottle of "TRUMP fragrance." A running tally on the event website shows that the investors currently competing for invitations each hold hundreds of thousands of coins.

Billions in Losses and a Stalled Bill

Since the memecoin launched in the days before Trump took office again, investors have lost billions of dollars, and those losses have occupied the spotlight during recent debates over the Digital Asset Market Clarity Act, the crypto market structure bill before the. The bill is the product of the industry's long-sought push for a U.S. regulatory framework that spells out which regulators oversee which parts of the digital asset market.

With Trump's crypto empire in mind, Democratic lawmakers had insisted that the legislation limit the digital asset ties of senior government officials, but such a provision could never be worked out and the bill failed to advance last month. Trump had said he was willing to concede on some of the lawmakers' requests, potentially placing his crypto holdings in a blind trust or divesting them, but the deal fell apart when the bill failed. The collapse leaves both the market structure question and the ethics debate over officials' crypto holdings unresolved — and any renewed Senate action on the bill would put the president's ventures back at the center of it.

A Pattern of Criticism

Similar events have drawn criticism from Democratic lawmakers, who have described them as brash corruption that grants political access to those investing the most money — an openly corrupt selling of the White House.

The first $TRUMP dinner was also held at Trump's Washington-area golf club, where protesters — including congressional Democrats — gathered outside to accuse the president of corruption as unidentified guests arrived. In April, Trump hosted a related conference for memecoin holders at his Mar-a-Lago resort in Florida, where former champion boxer Mike Tyson appeared.

For now, attention turns to the Nov. 12 cutoff for VIP standings and the Nov. 22 dinner itself — the latest installment in a series that has repeatedly entangled the president's political profile with his crypto venture.

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This article was originally published by CoinDesk.