{"id":37754,"date":"2025-05-13T09:10:07","date_gmt":"2025-05-13T09:10:07","guid":{"rendered":"https:\/\/coincentral.com\/?p=37754"},"modified":"2025-05-13T09:10:07","modified_gmt":"2025-05-13T09:10:07","slug":"trumps-crypto-dinner-top-investors-hold-millions-in-trump-tokens","status":"publish","type":"post","link":"https:\/\/coincentral.com\/trumps-crypto-dinner-top-investors-hold-millions-in-trump-tokens\/","title":{"rendered":"Trump&#8217;s Crypto Dinner: Top Investors Hold Millions in TRUMP Tokens"},"content":{"rendered":"<h2>TLDR<\/h2>\n<ul>\n<li>VIP attendees for Trump&#8217;s upcoming dinner held an average of $4.8 million in TRUMP tokens<\/li>\n<li>The top 25 &#8220;VIPs&#8221; qualify for exclusive reception and special tour at Trump National Golf Club<\/li>\n<li>Speculation exists that top holder &#8220;Sun&#8221; ($19M in tokens) could be Tron founder Justin Sun<\/li>\n<li>New rewards program announced for TRUMP token holders who maintain their balances<\/li>\n<li>Critics have raised ethics concerns, with watchdog group calling it a &#8220;corrupt self-enrichment scheme&#8221;<\/li>\n<\/ul>\n<hr \/>\n<p>President Donald Trump&#8217;s meme coin dinner<a href=\"https:\/\/cointelegraph.com\/news\/donald-trump-memecoin-holders-dinner-president\"> has attracted wealthy crypto investors who collectively hold approximately $174 million in TRUMP tokens.<\/a> The upcoming event at Trump National Golf Club in Washington D.C. has sparked both enthusiasm from supporters and criticism from ethics watchdogs.<\/p>\n<p>The top 25 VIP attendees for the May 22 dinner held an average of nearly $4.8 million worth of TRUMP tokens each to secure their spots. These placements were determined through a time-weighted average of holdings between April 23 and May 12.<\/p>\n<p>VIPs will receive an exclusive reception with President Trump and a special tour in addition to dinner. An additional 195 token holders gained more limited access to the event.<\/p>\n<h2>How the Competition Worked<\/h2>\n<p>Token balances among VIPs varied widely. The largest holder, registered as &#8220;Sun,&#8221; possessed around 1.4 million TRUMP tokens valued at more than $19 million when the final snapshot was taken on May 12.<\/p>\n<p>This has fueled speculation that the account belongs to billionaire Tron founder Justin Sun. Sun previously purchased $30 million worth of Trump-linked World Liberty Financial&#8217;s governance token, but his representatives declined to comment when questioned by media outlets.<\/p>\n<p>The time-weighted calculation method meant users weren&#8217;t required to hold tokens until the final snapshot. This allowed some participants like users &#8220;Noah&#8221; and &#8220;Top&#8221; to qualify despite selling most of their tokens before the deadline.<\/p>\n<p>According to the leaderboard data, the top 220 wallets collectively held more than 13.7 million tokens as of May 12, worth roughly $174 million at publication time.<\/p>\n<h2>New Rewards and Requirements<\/h2>\n<p>With the competition concluded, the TRUMP token price has fallen about 8% in 24 hours to $12.78. However, the project team has introduced new incentives to encourage holders to maintain their positions.<\/p>\n<p>The Get Trump Memes account announced a Solana NFT reward for users who keep their leaderboard balances until the dinner. They also unveiled a new Trump &#8220;rewards points&#8221; program with its own leaderboard and badges.<\/p>\n<p>&#8220;The beginning of the Trump rewards points program for TRUMP starts now,&#8221; the account posted, adding that the &#8220;next era&#8221; for the token will be announced at the dinner.<\/p>\n<p>Based on the terms and conditions, each invited guest must complete a background check to attend. The event is described as &#8220;Black Tie preferred, but optional&#8221; according to project documentation.<\/p>\n<h2>Growing Ethics Concerns<\/h2>\n<p>The President&#8217;s crypto ventures have drawn increasing scrutiny. A Bloomberg report suggested that the majority of tokenholders are based outside the United States, raising potential security concerns and conflicts of interest.<\/p>\n<p>Watchdog group Accountable.US called the TRUMP token leaderboard &#8220;the most nakedly corrupt self-enrichment scheme in U.S. presidential history.&#8221;<\/p>\n<p>Many US lawmakers have criticized Trump for launching the memecoin shortly before taking office. Some representatives have refused to consider crypto-related legislation until their concerns are addressed, with one senator even calling for Trump&#8217;s impeachment.<\/p>\n<p>Companies potentially seeking influence over Trump&#8217;s policies have also invested in the memecoin. Freight Technologies announced plans to invest $20 million in the token, suggesting it could affect the president&#8217;s trade policies between the US and Mexico.<\/p>\n<p>This isn&#8217;t President Trump&#8217;s first crypto-related event. During his 2024 campaign, he hosted a dinner for supporters who purchased his &#8220;mugshot&#8221; non-fungible tokens, which featured a picture of the then-presidential candidate at his surrender to authorities.<\/p>\n<p>If President Trump is unable to attend the May 22 dinner or if the event is cancelled, attendees will receive a limited-edition Trump NFT as compensation according to the project&#8217;s terms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR VIP attendees for Trump&#8217;s upcoming dinner held an average of $4.8 million in TRUMP tokens The top 25 &#8220;VIPs&#8221; qualify for exclusive reception and special tour at Trump National Golf Club Speculation exists that top holder &#8220;Sun&#8221; ($19M in tokens) could be Tron founder Justin Sun New rewards program announced for TRUMP token holders<\/p>\n","protected":false},"author":9001,"featured_media":28563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":15,"footnotes":""},"categories":[28166],"tags":[],"class_list":{"0":"post-37754","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics"},"wppr_data":{"cwp_meta_box_check":"No"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - 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