President Donald Trump’s memecoin dinner for top holders of Official Trump (TRUMP) has sparked political backlash. Amid wild market movements for TRUMP, a Georgia senator has labeled the invitation an impeachable offense. Meanwhile, a shift in sentiment sees investors turn to PepeX , a project looking to revolutionize the memecoin space. Georgia senator slams Trump’s memecoin dinner It’s an impeachable offense, US Senator Jon Ossoff from Georgia said. Ossoff said this as he publicly criticized President Donald Trump’s reported gala dinner for top 220 investors of his $TRUMP memecoin. The lawmaker criticized the move as “selling access,” noting that the event set for May 22 could be grounds for impeachment proceedings against the president. This is the latest controversy around the TRUMP token, which launched in January 2025 amid market euphoria on Trump’s election win and inauguration. Critics point to TRUMP soaring amid the dinner news as a scenario that will only enrich these few whales and insiders. The criticism, which has come from other congressional lawmakers and the crypto circle as well, see the president’s involvement as a conflict of interest and a dangerous precedent. Notably, the token’s creators hold 80% of supply. Memecoin investors buy PepeX While analysts suggest TRUMP memecoin could be worth watching, investors keen on other opportunities are flocking to PepeX. The AI-powered memecoin launchpad, which seeks to challenge Pump.fun and others in the market, has raised over $1.6 million in its presale. PepeX, targeted for multi chain use, eyes a user-friendly platform for memecoins creation. Its main selling point is it’s focus on community rather than token creators and a few top whales. The platform’s AI-powered technology provides a fair token distribution. It caps creators at 5% of supply while allocating 95% to the public. PepeX also includes anti-sniping tech and real-time transparency tools like bubble maps. This means the platform removes the potential for manipulation and rugs, which have dominated Pump.fun launches. Moreover, only 0.04% of Pump.fun participants profitable. PepeX @PepeX_fun · Follow Bitcoin’s moving like gold while the rest of the market panics, and guess what? PepeX is here to let YOU tokenize your way through the chaos. 🚀Forget tech stocks, PepeX is where AI-powered tokens and degen plays meet. No devs, no limits, just straight-up meme coin madness. 11:26 pm · 26 Apr 2025 14 Reply Copy link Read 9 replies When does PepeX launch? According to the PepeX whitepaper , the planned public launch is in Q3 2025. The roadmap includes key milestones such as decentralized AI launchpad, DEX partnerships and staking. Its presale, with tokens priced at $0.0243, offered early birds up to 332% in presale returns. This has many looking to buy early before the 90-day ICO ends. Overall crypto-friendly environment under President Donald Trump Despite the controversy around TRUMP, the broader crypto landscape is experiencing a notable shift under President Trump’s administration. Since his campaign for election in 2024, Trump has increasingly taken a pro-crypto stance. The industry supported him and other leaders amid the push for clarity in the regulation of digital assets, with the signing executive orders to promote cryptocurrencies among key developments in 2025. On April 25, 2025, new SEC chair Paul Atkins said the agency was ready to work with Trump’s administration and Congress to support efforts for regulatory clarity. This outlook buoys crypto and Bitcoin looks poised to return to $100k and beyond, a bullish environment for projects like PepeX. Learn more about the new project here . The post PepeX gains as US senator slams Trump’s memecoin “dinner” appeared first on Invezz
