Dinner with Trump? Be careful, you might be the one on the menu.
Event Background: In April 2025, Trump announced that he would host a private dinner at the Trump National Golf Club in Washington, inviting the top 220 holders of Trump Coin (TRUMP) to attend.
According to on-chain data, to enter the top 220, one must hold at least 29,565 Trump Coins.
After the announcement, the price of Trump Coin quickly soared, peaking at $16, with a daily increase of about 70%. Discussions about this dinner on social media continue to heat up, as crypto investors eagerly prepare.
Trump Coin (TRUMP) is a meme coin associated with Trump, and its value fluctuations are often linked to Trump's actions and news.
Previously, this coin has undergone price roller coasters multiple times due to Trump's remarks or actions, becoming a 'hot asset' in the crypto community.
The allure of the dinner and its hype effect: The attraction of this dinner for Trump's supporters and crypto investors is self-evident:
Close contact with Trump: Not only can one have dinner with the former president, but there may also be opportunities for VIP reception and a tour of the White House (subject to identity verification).
Potential opportunities: For some investors, this could be an excellent platform to expand business or political resources.
After the announcement, the price of Trump Coin skyrocketed by 70% in a short time, with a strong market reaction.
On social media, investors are discussing how to accumulate coins to break into the top 220, with some even expressing willingness to invest heavily for this. The rarity and uniqueness of the dinner undoubtedly provide new material for the hype surrounding Trump Coin, boosting market sentiment.
Potential risks and pitfalls
However, amidst this frenzy, investors must keep their eyes open and recognize the potential risks:
Price volatility is extreme
As a meme coin, Trump Coin's value lacks fundamental support and is easily influenced by news, leading to significant ups and downs. Historical data shows that its price has fluctuated wildly due to Trump's dynamics, often resulting in heavy losses for those chasing highs.Authenticity is in doubt
Is the planning of the dinner reliable? Some analyses suggest that this may be a marketing gimmick designed by the Trump Coin project team to boost token prices. Notably, just days before the dinner announcement, the project team unlocked 40 million tokens (about 20% of the circulation, valued at $300 million), which raised suspicions of a 'pump and dump'.High entry costs
Based on the current price, 29,565 Trump Coins means investors need to invest a significant amount of money and must hold until the snapshot date (likely close to the dinner date). During this period, the risk of price volatility is extremely high, making it difficult for ordinary investors to bear.
Trump's motives and influence
Why is Trump hosting this dinner? The following considerations may be behind it:
Political strategy: By interacting with supporters, reinforce his political base while attracting the attention of younger voters and the crypto community.
Business interests: The Trump family and their close associates may profit through cryptocurrency projects, and the dinner could be part of their 'money-making' strategy.
However, this move has also sparked controversy. Some question whether Trump is 'manipulating the market' or engaging in 'interest transfer', claiming this dinner may just be a new trick to 'harvest' unsuspecting investors.
Investment advice and risk warning
For investors looking to participate in this 'feast', the following advice is worth considering:
Stay rational: Trump Coin is highly volatile, avoid blindly chasing highs to prevent becoming a bag holder.
Stay informed: Keep a close eye on the project's operations and be wary of tactics such as 'pump and dump'.
Act within your means: The entry threshold is not low, investors need to assess their risk tolerance and avoid excessive investment.
Moreover, even if one obtains a ticket to the dinner, its actual value may not be as high as imagined. Whether dining with Trump will yield substantial returns remains uncertain. Investors should not overestimate the significance of this event.
Conclusion
The Trump dinner event undoubtedly ignited enthusiasm in the crypto community, but the hidden risks behind the hype should not be underestimated. From soaring coin prices to high entry costs, this 'harvest feast' may represent a precise 'scythe' harvest. Investors must maintain a clear mind while chasing opportunities, making rational risk assessments. After all, in the game of crypto, only caution and wisdom can lead to lasting success.
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