Trump hosted a private dinner at the Trump National Golf Club in Virginia on May 22, 2025, Eastern Time.
This dinner is held for the top 220 large holders of the $TRUMP token, with participants spending a total of approximately $148 million.
However, among these 220 major holders, only the private VIP cocktail party hosted by the top 25 holders will allow the four largest investors to receive a limited edition Trump tourbillon watch worth $100,000.
Currently, the Trump family has already earned $320 million in transaction fees from the $Trump token!
And the large wallets holding over $1.35 million have made a profit of $1.5 billion.
The cumulative loss of small wallets, or the retail investors, has reached as high as $3.87 billion.
Indeed, the crypto industry is a great tool for harvesting profits.
In fact, the timing of Trump holding this dinner is quite sensitive; the Genius Act, which will determine the stability of the crypto industry for the next decade, has not yet been officially voted on, and critics from the Democratic Party believe that Trump's crypto policy is a 'corruption feast,' questioning its legitimacy and transparency.
At the same time the dinner was held, the citizen organization Public Citizen organized a protest outside a golf course near Potomac Falls, Virginia, expressing opposition to the event.
However, most investors are still paying attention to the future trends of $Trump.
Currently, the market believes there are two scenarios after the dinner:
1. Attendees give face to the president and increase their holdings to show loyalty.
2. After the attendees finish their meal, the ranking event ends, and they sell.
Supporters of Script 1 say that because those attending the dinner from Trump's side have a list, if anyone sells after finishing their meal, hey, are they going to smash the pot after eating?
Today, be careful when you call for sales; watch out for the list later.
However, there are still quite a few supporters of Script 2 who believe that human nature is unreliable. Will they not sell even after finishing their meal?
Personally, I believe that after this dinner, the uncertainty is too high, at least the major holders won't immediately crash the market.
However, it will create a short-term short-selling sentiment, attracting retail investors to short-sell, while major holders pull the market up to harvest the shorts, and then slowly turn downward.
It's suggested that everyone wait a few days before shorting; the certainty will be a bit higher.