Whale Invests $5.73M in TRUMP Meme Coin for Presidential Dinner Invite

A significant crypto investor has made a substantial investment in the TRUMP meme coin, driven by the allure of a presidential dinner invitation. On April 26, blockchain researcher EmberCN highlighted notable whale activity surrounding the TRUMP token. The investor initially gained $732,000 in early profits but chose to reinvest rather than cash out. They purchased 427,000 TRUMP tokens for approximately $5.73 million in USDC, paying an average of $13.40 per token. Of the total amount, $5 million was withdrawn directly from Binance, while the rest came from earlier trading gains.

The surge in activity has been financially beneficial for Trump and his team. Trading fees tied to the meme coin have generated nearly $900,000 for Trump’s associates over the past two days. Observers suggest the whale’s aggressive move reflects an ambition to rank among the top TRUMP holders. Earlier in the week, reports emerged that the token’s team will invite the top 220 wallets to a May 22 dinner with the US President. The top 25 holders will also receive access to a special VIP reception and private tour.

The buying frenzy fueled speculation that only those investing hundreds of thousands of dollars could secure an invite. However, the TRUMP project team moved swiftly to clear up the confusion. They emphasized that participants are not required to invest large sums to qualify. Instead, they explained that users had misinterpreted the data from blockchain explorers. According to them, only wallets listed on the official leaderboard, which tracks time-weighted holdings, are eligible for the dinner, not those on public explorers.

As of the latest information, the “Sun” wallet sits comfortably in first place, holding over 1.17 million TRUMP tokens valued at approximately $18 million. Meanwhile, the user “Emi” currently holds the 220th spot, with 418 time-weighted tokens worth just over $6,000. The TRUMP project team clarified that the cutoff for the dinner invitation is based on the official leaderboard, not the public explorers, which include locked tokens, exchanges, market makers, and non-participating wallets.