TRUMP Token Holders Gather for Exclusive Dinner with Former President

Tomorrow, 220 top TRUMP token holders will gather at Trump’s Virginia Golf Club for an exclusive dinner with the . The event, which requires attendees to have purchased millions of dollars worth of TRUMP tokens, is expected to draw a diverse crowd, with many attendees believed to be from outside the United States.

Justin Sun, the founder of TRON, has secured the top spot on the leaderboard by investing approximately $16 million into TRUMP tokens, bringing his total holdings to over 1,430,000. Sun confirmed his attendance and expressed his excitement about connecting with other leaders and discussing the future of the crypto industry. In addition to his investment in TRUMP meme coins, Sun previously poured $75 million into World Liberty Financial, a project where 75% of revenues are routed directly to Trump-owned entities.

Singapore-based crypto network MemeCore secured the second place by investing $18.6 million in nearly 1,400,000 worth of TRUMP coins. The network has been vocal about its support for the Trump presidency and has repeatedly stated its intentions to secure the top spot on the leaderboard. MemeCore also encouraged individuals to donate their TRUMP coins to its campaign, offering bonuses to those who do.

Ogle, a pseudonymous crypto sleuth, secured the 22nd spot by holding over 250,000 TRUMP meme coins, worth over $3 million. Ogle has expressed support for Trump on his social media and joined World Liberty Financial as an advisor in September 2024.

Speculation surrounds several wallet names appearing on the leaderboard, with users suggesting that one wallet, identified as “Elon,” refers to Tesla founder Elon Musk. Musk revealed in a virtual interview that he would be having dinner in Washington, D.C., with the President later this week, but it remains unclear if he was referring to the gala dinner. Other reports suggest that Australian crypto entrepreneur Kain Warwick may also be among the top TRUMP holders eligible for the dinner.

The dinner is expected to be a significant event for the TRUMP meme coin, with its price action since its launch being largely event-driven. Major announcements, such as Trump’s presidential inauguration and the gala dinner, have driven the meme coin to new highs. However, controversial announcements related to trade policies have also caused the price to crash.

Despite the high volume of speculative trading, the TRUMP meme coin has generally yielded more losses than profits for those involved. According to data analysis, approximately 20 million TRUMP tokens, valued at nearly $280 million, have moved into digital wallets holding at least 10 TRUMP tokens since the announcement. Meanwhile, outflows have reached about $109 million, indicating a surge in speculative trading. However, 70% of traders have suffered losses, with total losses since the announcement exceeding $21 million, far surpassing any profits.

With the contest over and the dinner imminent, TRUMP’s price will remain highly sensitive to the President’s future announcements. The event is expected to draw significant attention and could potentially impact the meme coin’s value in the short term. However, the long-term implications of the event on TRUMP’s price performance remain to be seen.