"Presidential Dinner" Rakes in 3.8 Billion, the Dealer's Wallet Conceals Dangers

This June, the most magical business war is unfolding in the crypto world: former President Trump is holding an NFT launch event while simultaneously using a crypto wallet to execute a textbook-style harvest of retail investors. The marketing strategy of the TRUMP coin, which features the "Presidential Dinner," exploded into a staggering $3.8 billion in trading volume within 24 hours, yet the hidden capital game left many in cold sweat.

Checking on-chain data reveals a shocking truth: of the total supply of 1 billion TRUMP coins, a staggering 820 million are held in the founding team’s wallet. When the project incentivized the market with the bait of "Top 220 holders can join the dinner," the token price skyrocketed from $9 to $16, yet the mysterious address signed "Tump.ETH" continued to sell off — blockchain doesn't lie, and over the past three days, more than 23,000 ETH were cashed out, worth about $40 million at current prices.

This brings to mind Sun Yuchen's inherited strategy from years ago: creating hype through live-stream giveaways of Moutai and raffles for Teslas, and quietly cashing out after the token price surged. Now Trump's team has taken this to a new level, seamlessly combining the presidential IP with the Ponzi effect of MEME coins — using political charisma to attract speculators while creating FOMO (fear of missing out) through hunger marketing.

A more deadly trap lies in the token economics: 80% of the tokens are unreleased, meaning the dealer holds the nuclear button. When retail investors scramble for dinner qualifications, if the dealer drops just 5% of the tokens later, it would be enough to trigger a catastrophic decline. It should be noted that Sun Yuchen's JST project caused a 70% drop in token price by selling off just 5% of the tokens.

The most ironic outcome of this capital game is that those who ultimately get to dine with Trump are likely the dealer’s disguised accounts holding billions in chips, while the real retail investors are merely participating in a paid viewing of the "Presidential Reality Show." The transparency granted by blockchain technology has ironically become a tool for perfect crime — everyone can see the dealer's manipulation trajectory, yet no one can stop this conspiracy.