3 weeks ago
US President Donald Trump hosted a highly publicized crypto meal connected May 22 for apical holders of the TRUMP memecoin, attracting a premix of crypto elites and nationalist figures from crossed the globe.
The exclusive event, archetypal announced successful April, was reserved for the top 220 TRUMP token holders. The 25 largest holders received VIP access, including a backstage reception with Trump earlier dinner.
According to data from CryptoRank, the attendees collectively held astir $394 cardinal worthy of the TRUMP token earlier the event. Notably, 72% of guests came from extracurricular the US, highlighting the memecoin’s planetary appeal.
Trump Dinner successful Numbers (Source: Cryptorank)Meanwhile, TRON laminitis Justin Sun topped the list of attendees with a $19 cardinal stake successful the TRUMP token, portion the mean impermanent held astir $1.79 cardinal successful TRUMP. The median concern successful the integer plus was astir $348,000.
Who attended TRUMP’s dinner?
While Trump’s squad did not people an authoritative impermanent list, societal media posts and blockchain information helped corroborate respective attendees.
These included Justin Sun, Vincent Liu of Kronos Research, Synthetix laminitis Kain Warwick, Magic Eden CEO Jack Lu, and unnamed representatives of crypto projects similar Biconomy, Sonic SVM, and SolCex.
Others who spotted oregon self-reported astatine the lawsuit were erstwhile NBA subordinate Lamar Odom, who precocious launched the ODOM token, MemeCore executives similar Rudy Rong, and Russian-born crypto entrepreneur Nikita Anufriev.
The guests described the lawsuit arsenic a uncommon convergence of planetary crypto players, galore of whom flew successful from Asia and Europe. Liu of Kronos said:
“Hearing President Trump affirm his enactment for crypto successful idiosyncratic is some inspiring and profoundly motivating.”
Meanwhile, photos shared connected societal media revealed a luxury meal featuring halibut, filet mignon, and a signature integrated crockery named aft Trump.
Notably, Sun said helium received a Trump Tourbillon Watch astatine the dinner
TRUMP token dumps aft meal gala
While the meal was intended to observe the eponymous token’s success, marketplace sentiment rapidly soured. Shortly aft the event, the terms of TRUMP dropped implicit 7% to $13.70, according to CryptoSlate’s data.
Blockchain sleuths revealed that astir fractional the gala attendees nary longer held TRUMP tokens successful their wallets. In fact, 92 of the 220 eligible wallets had afloat exited their positions earlier the event.
Additionally, the token balances among apical holders declined from 11.3 cardinal to 7 cardinal post-dinner.
Moreover, the glitz of the lawsuit besides attracted vigor from demonstrators and US lawmakers alike, who criticized the lawsuit arsenic a pay-to-play scheme.
Senator Chris Murphy called the gala “corrupt” and demanded that Trump merchandise the authoritative impermanent database if the meal was legitimate.
He said:
“Trump’s meme coin is designed to facilitate corruption. You tin wage Trump secretly, which gets you concealed peculiar entree to the President. If Trump’s meal with the apical coin buyers was legit, helium would merchandise the database of attendees. But it’s corrupt. So the database stays hidden.”
The station TRUMP gala meal attendees dump tokens aft lawsuit arsenic terms falls 8% amid protests appeared archetypal connected CryptoSlate.
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