When Trump announced that 'the top 220 TRUMP token holders can dine with me, and the top 25 will receive ultra-luxury VIP treatment and visit the White House,' the entire cryptocurrency community was in an uproar. Everyone felt that this was a once-in-a-lifetime opportunity and rushed to get involved.
But who would have thought that upon checking the data recently, among the original top 220 holders, 17 wallets have completely sold off their TRUMP tokens, bringing their holdings to zero. Even the originally 25th ranked big holder 'noah' has emptied their tokens and completely stopped participating. This series of actions really leaves people puzzled. Could it be that they suddenly don't care about dining with Trump or visiting the White House anymore?
As of May 12, the top 220 wallets hold over 13.7 million TRUMP tokens, valued at approximately $174 million based on the price at release. It is currently unclear whether any of the holders in these wallets will choose to apply for and attend Trump's dinner event.
Looking at the current ranking situation, the wallet ranked first is called 'SUN'. Blockchain analysis company Arkham revealed that this wallet belongs to HTX, a cryptocurrency exchange in Seychelles, and the well-known cryptocurrency entrepreneur Justin Sun is a member of HTX's global advisory board. Is there an untold story behind this?
The cryptocurrency storm behind Trump's dinner is probably far from over. However, the ones who will ultimately get hurt are the retail investors. According to Yujin monitoring, a certain whale lost $453,000 in TRUMP within 3 days. Three days ago, this whale withdrew $4 million USDC from Binance and bought 276,000 TRUMP at a price of $14.4; one hour ago, they sold it at a price of $12.8, incurring a loss of $453,000.
