Top TRUMP whales hold $174M in tokens ahead of dinner with US president

The database of the apical holders of US President Donald Trump’s memecoin has been finalized up of inheritance checks to use for a meal and “VIP tour” with the president connected May 22.

In a May 12 X post, the TRUMP memecoin task said it would halt considering further purchases for a meal with the president, adding that the apical tokenholders had been notified to use for inheritance checks if they wanted to attend.

According to information provided connected the project’s leaderboard, the apical 220 wallets held much than 13.7 cardinal tokens arsenic of May 12, worthy astir $174 cardinal astatine the clip of publication.

Top 10 TRUMP memecoin holders arsenic of May 12. Source: TRUMP memecoin project

It’s unclear who, if any, of the wallet holders volition take to use for and be the meal with Trump, oregon the “exclusive reception” expected to beryllium successful the White House for the apical 25 holders, connected May 22. A May 7 Bloomberg study suggested that the bulk of tokenholders were based extracurricular of the United States, starring to imaginable information concerns and conflicts of interest.

Many US lawmakers and figures successful the crypto manufacture criticized the president for launching the memecoin conscionable days earlier taking bureau connected Jan. 20. In the aftermath of his dinner announcement connected April 23, the calls for legislature oversight and allegations of corruption person intensified, with 1 legislator calling for Trump’s impeachment and different representatives refusing to see crypto-related legislation until their concerns were addressed.

Related: FT study suggests beforehand cognition of Melania Trump memecoin launch

Companies besides seemingly seeking power implicit Trump’s policies person invested successful the memecoin. In April, Freight Technologies said it would put $20 cardinal successful the token, suggesting that it could impact the president’s commercialized warfare betwixt the US and Mexico, wherever the steadfast conducts immoderate of its business. As of May 12, the institution had not announced whether it qualified to nonstop a typical to the dinner.

Not Trump’s archetypal entreaty to crypto users

During his 2024 campaign, Trump hosted a meal with supporters who purchased his “mugshot” non-fungible tokens, which featured a representation of the then-presidential campaigner astatine his surrender to authorities connected charges helium attempted to overturn the 2020 election.

Many of the “mugshot” attendees publically shared their identities connected societal media up of and during the event, but astatine the clip of publication, nary 1 appeared to beryllium claiming they would use for the memecoin dinner. Wallets with the usernames “Sun” and “elon” person led to speculation that Tron laminitis Justin Sun and Tesla CEO Elon Musk — some Trump supporters who person fiscal interests tied to Trump’s presidency — could beryllium among the attendees.

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