Trump Meme Coin Dinner Attendees Likely Mostly Non-Americans: Analysis
ByAinvest
Sunday, May 18, 2025 7:03 am ET2min read
DOGE--
The top holders of the $TRUMP meme coin spent anywhere from $53,500 to $16.4 million to secure an invitation to the dinner with President Trump. Many of these purchases were made through international exchanges such as Bybit and Gate.io, which do not accept U.S. customers, according to Inca Digital's analysis [1]. This suggests that a significant number of the top holders are likely non-Americans, adding to concerns about the purchases of a Trump-branded asset being linked to access to the president.
The dinner has raised concerns from government watchdogs and Democratic lawmakers. Tony Carrk, the executive director of watchdog group Accountable.US, expressed concern about the anonymity of the top holders, who are shrouded by their anonymous crypto usernames [1]. The White House and the Trump Organization have not responded to requests for comment on the matter.
The $TRUMP meme coin, like other meme coins, is highly volatile and speculative. Its value is driven more by internet trends, memes, and community support than by any real-world utility. The coin is a product of the meme coin culture, which has seen over 40,000 coins created online per day since 2013 [2]. The success of meme coins like Dogecoin and Shiba Inu has led to a surge in their popularity, particularly among young investors and social media users.
The extreme volatility of the $TRUMP meme coin has led to significant wealth transfers. Early buyers who purchased the coin at its low point have seen substantial gains, while those who bought in later have suffered losses. The coin's value has swung wildly, making it a high-risk, high-reward investment. However, the extreme volatility also makes the coin a target for scams and pump-and-dump schemes, which can further exacerbate its price swings.
In conclusion, the $TRUMP meme coin's invitation to a private dinner with President Trump has highlighted the coin's extreme volatility and the risks associated with investing in meme coins. While the coin's value has seen significant fluctuations, it remains a highly speculative investment. Investors should approach meme coins with caution, understanding the risks and the potential for substantial losses.
References:
[1] https://www.cbsnews.com/news/trump-meme-coin-top-220-buyers-spent-140-million-analysis/
[2] https://techpoint.africa/guide/a-complete-guide-to-trading-meme-coins/
The top 220 $TRUMP meme coin holders are invited to a private dinner with President Donald Trump. Many of these holders are likely non-Americans, as their wallets are tied to international exchanges like Binance and their addresses are heavily pseudonymous. The token's extreme volatility has led to a massive wealth transfer, with early buyers seeing windfalls while the majority have suffered losses.
On May 22, 2025, the top 220 holders of the $TRUMP meme coin will be invited to a private dinner with President Donald Trump. The invitation, announced on April 23, has significantly boosted the coin's value, reversing a substantial slump it had experienced in the weeks prior. However, the extreme volatility of the $TRUMP meme coin has resulted in a massive wealth transfer, with early buyers reaping windfalls while the majority have suffered losses.The top holders of the $TRUMP meme coin spent anywhere from $53,500 to $16.4 million to secure an invitation to the dinner with President Trump. Many of these purchases were made through international exchanges such as Bybit and Gate.io, which do not accept U.S. customers, according to Inca Digital's analysis [1]. This suggests that a significant number of the top holders are likely non-Americans, adding to concerns about the purchases of a Trump-branded asset being linked to access to the president.
The dinner has raised concerns from government watchdogs and Democratic lawmakers. Tony Carrk, the executive director of watchdog group Accountable.US, expressed concern about the anonymity of the top holders, who are shrouded by their anonymous crypto usernames [1]. The White House and the Trump Organization have not responded to requests for comment on the matter.
The $TRUMP meme coin, like other meme coins, is highly volatile and speculative. Its value is driven more by internet trends, memes, and community support than by any real-world utility. The coin is a product of the meme coin culture, which has seen over 40,000 coins created online per day since 2013 [2]. The success of meme coins like Dogecoin and Shiba Inu has led to a surge in their popularity, particularly among young investors and social media users.
The extreme volatility of the $TRUMP meme coin has led to significant wealth transfers. Early buyers who purchased the coin at its low point have seen substantial gains, while those who bought in later have suffered losses. The coin's value has swung wildly, making it a high-risk, high-reward investment. However, the extreme volatility also makes the coin a target for scams and pump-and-dump schemes, which can further exacerbate its price swings.
In conclusion, the $TRUMP meme coin's invitation to a private dinner with President Trump has highlighted the coin's extreme volatility and the risks associated with investing in meme coins. While the coin's value has seen significant fluctuations, it remains a highly speculative investment. Investors should approach meme coins with caution, understanding the risks and the potential for substantial losses.
References:
[1] https://www.cbsnews.com/news/trump-meme-coin-top-220-buyers-spent-140-million-analysis/
[2] https://techpoint.africa/guide/a-complete-guide-to-trading-meme-coins/
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