Investors have paid nearly $ 2 billion into a new same same linked to US President Donald Trump. They in a hurry to obtain one of the 220 places at a private dinner May 22 in her Virginia Golf Club. But sure, some major holders began to sell. This movement left the observers wondering if dinner was worth the cost.
Racing investors for invitations
According to blockchain data, about 34 of the 220 tokens had poured most of their issues by Monday evening, just a few hours after the window to qualify. They hoped to own Trump Coin would guarantee a seat at the table. Many seemed to think twice once the deadline has passed.
Sudden sale after cut
Based on Crypto Tracker reports Inca Digital, the token price Immersed just after the threshold on May 12 before backing up to finish almost 9%on Tuesday. Prices can swing harshly when demand drops. You buy high to secure the price, then sell before next fall. This is a risky decision, but that is how the same markets often behave.
Total crypto market cap at $3.31 trillion on the 24-hour chart: TradingView.com
Ethics and regulation issues
The idea of ​​paying with a even To meet a president generated a lot of heat. Democrats, ethics experts and cryptographic lobbyists have warned that donors or foreign players could buy an influence. They emphasize that the same sitting outside the range of the dry because they are formulated as collectibles. This puts them in a troubled place when politics and money mix.
Image: Timothy A. Clary/AFP via Getty Images; Kanchanara/Unsplash
Negotiation fees Fuel profits
The Trump organization and its partners are not only done. According to Chainalysis, they have collected more than $ 320 million in negotiation costs since their launch. More than a million dollars came after the announcement of the dinner invitation. On April 23, investors increased approximately $ 1.7 billion in chips. The costs are added quickly when volumes increase.
Someone seems to have recorded a HTX cold wallet for Donald Trump's dinner.
HTX holds $ 14.6 million Trump in this portfolio, making it the largest portfolio recorded for dinner.
Address: 8nbebxlkngv5aryaryeffrw2qfxodzyi9fshjnijrwavec pic.twitter.com/etx8uimncz
– Arkham (@arkham) April 24, 2025
Top 220 TRUMP holders to dine with Trump.
Summary
A ranking on Trump's site shows a story called “Sun” as the biggest holder. This portfolio was awarded to HTX, the offshore exchange advised by the Cryptographic billionaire Justin Sun. More than half of the best holders seem to be abroad. Even user names, such as an investor called “Noah” in No. 25, cannot hide real links.
The first $ Trump The competition is officially over! Details and what is the next step for $ Trump Below:
If you were in the top 220 of the ranking, consult the email with which you registered for more details on dinner with President Trump as soon as possible. There will be background checks which …
– Trumpmeme (@GettrumpMeMes) May 12, 2025
Corporate movements and the upcoming road
A public company, Freight Technologies of Houston, said that it planned to buy $ 20 million in chips. His CFO stressed that they were not after the invitations of the dinner. This decision is part of a “digital asset strategy,” said the CEO to put pressure on fair trade between Mexico and the United States.
Meanwhile, the same team deploys Crypto collectibles and a reward points program for the best holders. They soon teased more promotions. It seems that it is only the start of the Trump experience.
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