Recently, Trump made another big news—on May 22 he will hold a "crypto dinner" at his golf club, but **only the top 220 holders of $TRUMP coins can attend, and the top 25 can enjoy additional VIP treatment and a White House tour.

This operation caused a stir in the crypto world. After the announcement, the $TRUMP coin surged 58% within 24 hours, and its market cap soared to $2.6 billion. But upon reflection, is this event really just about "high-end socializing"?

1. How many "shady operations" are hidden behind the dinner?

- "Holding Tokens Equals Privilege": Want to meet Trump? You need to buy enough $TRUMP coins, and the top 25 have a threshold of $4.3 million; isn't this just forcing people to spend money to climb the ranks?

- Whales Ambushing Early: On-chain data shows that someone accurately sold $5.48 million worth of tokens before the news broke, while another player made a quick trade for $730,000. Did retail investors get cut again?

- 80% of the tokens are controlled by Trump-affiliated companies, and the unlocking pace is entirely in the hands of the team; what happened to decentralization?

2. Political Controversy: Is it corruption for the president to sell "meet-and-greet"?

Democratic senators directly criticized it, saying this is "the most blatant act of corruption in presidential history." After all, political figures are using their influence to endorse tokens and can filter VIPs based on token holdings; isn't that akin to selling "political access"?

Even more bizarrely, 80% of the supply of the $TRUMP coin is held by the Trump family, and the unlocking schedule can be adjusted at any time. If this were in traditional financial markets, the SEC would have intervened long ago, but this time the SEC surprisingly turned a blind eye, claiming that "Meme coins are not securities."

3. Market Reaction: Volatility, who is actually making money?

- Short-term Speculation: As soon as the news broke, the coin price skyrocketed, but in the long run, the $TRUMP coin has dropped from its issue price of $75 to just over $10 now, leaving latecomers trapped.

- Whale Arbitrage: Some people made over $700,000 by buying and selling quickly, while others cleared their positions early and missed this surge.

- Unlocking and Selling Doubts: On April 18, 40 million tokens (worth $300 million) were just unlocked, followed by an announcement of a dinner; was this to raise prices for selling?

4. My Opinion: Should ordinary people follow this move?

To be honest, this "holding tokens for privileges" model is essentially a capital game. The Trump team is using its influence to endorse the tokens, attracting funds, but in the end, **the ones who can really make money might only be the whales who positioned themselves early and insiders.

For retail investors, chasing the $TRUMP coin is extremely risky:

✅ Short-term Surge Possible (after all, there is topic heat)

❌ Risks of Long-term Zero (Meme coins ultimately lack value support)

❌ Liquidity Trap (the threshold for the top 220 leads to many tokens being locked, making the market easy to manipulate)

5. Final Reminder: Don't get swayed by FOMO emotions.

This "celebrity + crypto" play essentially exploits fan economy and FOMO (fear of missing out). If you're not a short-term trading expert, it's best not to get involved; otherwise, you might end up as the bag holder.

What do you think about Trump's operation?

Feel free to share your views in the comments~

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