Editor's PiCK

"$2.1 Billion Poured in for a Trump Dinner Invitation"

Source
Minseung Kang

Summary

  • It was reported that $148 million was invested in the Official Trump meme coin through an invitation to a dinner with Donald Trump.
  • President Trump announced that he would invite the top 220 holders and provide a VIP reception to the top 25.
  • The current trading price of this coin is around $13, and the market capitalization is approximately $2.74 billion.

Cryptocurrency A to Z


Meme Coin Official Trump

220 Dinner Invitees Confirmed

VIP Reception for Top 25


Largest Holder Wallet 'SUN'

Appears to be a Tron Founder Associate

Photo=HankyungDB
Photo=HankyungDB

Investors have purchased the 'meme coin' Official Trump, amounting to $148 million (about 2.1 billion KRW), to secure an invitation to a dinner with U.S. President Donald Trump. President Trump plans to invite the top 220 holders of this coin to a dinner at his private golf club on the outskirts of Washington, D.C., on the 22nd.

According to the cryptocurrency industry on the 18th, the top 220 holders of Official Trump, who can attend the dinner hosted by President Trump, have recently been confirmed. The amount they spent to receive the invitation totals $148 million. The ranking of holdings was compiled by reflecting the quantity and duration of meme coin holdings from the 23rd of last month to the 12th of this month.

Previously, President Trump promoted this dinner on social media as "the most exclusive invitation in the world," offering a VIP reception and special tour opportunities to the top 25.

The wallet holding the most Official Trump is 'SUN', which holds about $18.5 million (approximately 2.6 billion KRW) worth of tokens. This wallet is confirmed to be owned by the cryptocurrency exchange HTX, headquartered in Seychelles. Justin Sun, the creator of Tron, participates as a global advisory board member. Sun is the largest initial investor in the cryptocurrency project World Liberty Financial, directly involving the Trump family, and is currently serving as an advisor. The anonymous wallet 'ces', which barely made it to the dinner invitation at 220th place, holds tokens worth $59,000 (about 82 million KRW).

Official Trump is a meme coin launched by President Trump in January this year, just before his inauguration after the presidential election. It surged to $75 immediately after launch but plummeted to $7.5. It rebounded following the dinner event announcement and is currently trading at around $13. The market capitalization of Official Trump is approximately $2.74 billion. It is known that CIC Digital LLC, a subsidiary of the Trump Group, holds about 80% of the total supply.

Minseung Kang, Bloomingbit Reporter minriver@bloomingbit.io

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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