Trump's crypto dinner has another big reveal! Are the leeks stunned by this operation? 💰🍴
My dears, Trump’s “coin holder dinner” has made big news again recently! Following the last announcement that “only the top 220 coin holders can enter”, there have been more shocking revelations in the past few days - Democratic senators directly tore each other apart, the Federal Reserve suddenly loosened crypto regulation, and even Trump’s son’s stablecoin was exposed! Today, let’s take a look at the latest gossip in this “coin power game” -
1. Democratic lawmakers fired back: This is legal corruption!
On April 26, Democratic Senators Adam Schiff and Elizabeth Warren wrote directly to the U.S. Office of Government Ethics, angrily criticizing Trump's dinner as a "pay-for-play game" and demanding a thorough investigation into whether it involved "abuse of power for personal gain." They specifically pointed out that 80% of TrumpCoin tokens are in the hands of their own company, and among the top 220 holders, the first "CASE" holds 400,000 coins (worth $5.2 million), but his true identity remains a mystery. The nonprofit organization "Campaign Legal Center" directly said: This is the most serious ethical violation in history, and the president is openly selling official positions! But the embarrassing thing is that now the White House and Congress are both controlled by the Republicans, and this investigation is probably hanging...
2. Trumpcoin roller coaster: After soaring 50%, it fell back to its original shape!
As soon as the news of the dinner came out on April 23, the price of Trumpcoin soared by 50%-70%, and the market value increased from 1.7 billion to 2.7 billion US dollars. But by April 27, the price fell back to 14 US dollars, a drop of 80% from the high of 74 US dollars in January. What's more, the Trump team made $900,000 in transaction fees alone, and has accumulated a total of $324.5 million since January. Some netizens complained: "This is not a coin issuance, it's clearly Trump's ATM machine!"
3. The unlocking plan is postponed for 90 days: the storm is just coming late!
The 40 million Trump coins that were originally scheduled to be unlocked in April were suddenly postponed for 90 days on Twitter on April 24. The official said it was to "protect retail investors", but analysts saw through it at a glance: this is to dig a deeper pit for the leeks! There are only 20% of Trump coins in circulation in the market now. When 80% of the coins fall in 90 days, the price will probably fall to the ground. What's even funnier is that the stablecoin USD1 launched by Trump's son's company "World Free Finance" claims to be pegged to the US dollar at a 1:1 ratio, but the actual reserves are all based on government bonds, and it has been questioned as a "Ponzi scheme 2.0."
4. The Federal Reserve suddenly loosened its control: giving the Trump family a green light?
On April 25, the Federal Reserve suddenly withdrew its regulatory guidance on cryptocurrencies and no longer required banks to report crypto businesses. This wave of operations directly caused a frenzy in the cryptocurrency circle, and Bitcoin rose to $95,000. But everyone with a discerning eye knows that this is Trump paving the way for his own crypto project - his son's stablecoin and Bitcoin mining plan, which can now be blatantly cut leeks! Yuliya Guseva, an expert at Rutgers University, bluntly said: "When the president's family gets involved in cryptocurrency speculation, policy is their sickle."
5. The dinner is full of tricks: you may not even get to see Trump if you go!
Now the "pitfalls" of the dinner party have been exposed to the naked eye:
- The ranking list is full of anonymous nicknames, and the real identities of the top 25 are all hidden;
- The agreement clearly states: If Trump cancels the dinner, participants can only get NFT compensation, and don’t even think about a refund;
- The White House directly passed the buck: The Cryptocurrency Office stated that "this has nothing to do with us", and it is still unknown whether Trump himself will attend.
Some netizens joked: "This is not a dinner party, it's clearly a large-scale pyramid scheme for 'Trump Coin'!"
Conclusion: Can the leeks afford to play this power game?
From issuing coins to selling dinners, the Trump family has turned cryptocurrency into a "leek-cutting textbook". When the Fed loosens its grip and the SEC withdraws its lawsuit, when the policy becomes a tool for private cashing out, we can't help but ask: Is this innovation or a carefully designed Ponzi scheme? Is the dinner on May 22 a "power feast" or a "large rollover scene"? Let's wait and see - after all, in the cryptocurrency circle, the only certainty is that Trump's sickle will never be absent! 🚀💸#TRUMP晚宴 $TRUMP