The Trump team organized a rather interesting event. They are going to host a high-end dinner for the largest holders of TRUMP coins. Simply put: the more of this coin you hold, the more likely you are to dine at Trump's golf club, and the top 25 holders will even get to visit the White House. Once the news broke, the price of this coin skyrocketed by 75%, reaching 16 dollars.
The funniest part is that it turns out the largest holder is very likely the wallet of the HTX exchange itself. This wallet alone holds over 14 million dollars worth of TRUMP coins, but the most valuable asset is actually another coin called BAN.
Of course, this has also sparked quite a bit of controversy. Some lawmakers have directly criticized it, calling it the most shameless act of corruption they've ever seen, and some are even shouting for Trump's impeachment. However, the Trump team has left a backdoor, stating that if he can't make it personally, they will send everyone a limited edition NFT as compensation.
The most practical aspect is that while they invite you to dinner, you still have to pay for your own airfare and hotel, and sign a bunch of documents. To stabilize the coin's price, the team also announced that a portion of the coins would be locked for 90 days. In other words, this is a maneuver aimed at both courting large holders and stabilizing the market; as for the effectiveness, it remains to be seen in the subsequent developments.
The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like and comment, let's navigate through the bull market and seize this major opportunity together.
