In front of Buffett's lunch, there is Trump's dinner. Many people still don't know what today's Trump dinner is about, so let me explain.
Today, May 22, is the crypto dinner hosted by Trump, where you can shake hands with him for 4.3 million dollars. He is a president, this is more exaggerated than a script, but it's real.
Only the top 220 holders of TRUMP coins can enter, and the top 25 can visit the White House VIP area. The entry threshold starts at 4.3 million dollars, and the representative from China, Sun Yuchen, will be present.
Sun has always been good at hype, from previously buying Buffett's lunch to now splurging 17.68 million dollars to hoard TRUMP to get an entry ticket. The goal is straightforward: one is to enhance the presence of Tron, and the other is to cozy up to Trump, waiting for the U.S. policies to loosen up to seize the opportunity.
However, it is not ruled out that Sun might intentionally inflate the coin price, waiting for retail investors to follow suit before crashing the market. Everyone should be cautious; Sun Yuchen is already embroiled in legal troubles. If he says something wrong at the dinner, the entire market could face stricter regulation from the SEC.
The Trump family organizing this dinner is essentially a good business, inviting major players to dinner, which can both stimulate the coin price to rise and attract cryptocurrency voters. However, such clearly priced political engagements inevitably raise suspicions of power-for-money transactions. This type of meme, which has no actual value, has already caused 764,000 wallets to incur losses; as ordinary retail investors, we can just watch from the sidelines.
