#DinnerWithTrump In an unprecedented move, U.S. President Donald Trump has announced an exclusive dinner and tour of the White House for the top 25 holders of his memecoin, TRUMP. This gesture has generated both excitement and skepticism within the crypto community.
The announcement triggered a 52% increase in the value of TRUMP, reaching $14.02, according to data from CoinMarketCap. However, this spike was short-lived; in the following week, sales exceeded $869 million, compared to only $96 million in purchases, according to analysis firm Nansen.
The concentration of tokens in the hands of Trump's team, which holds 80% of the supply, has raised concerns about potential market manipulation. Additionally, the initiative has been criticized by political figures and ethics experts, who label it a "buying of influence."
Despite the controversies, Trump has reinforced his support for the crypto sector by organizing the first cryptocurrency summit at the White House and proposing the creation of a Strategic Bitcoin Reserve.
The situation raises questions about the legitimacy and sustainability of initiatives like TRUMP Coin. Is it a true innovation in the crypto ecosystem or a strategy to consolidate power and influence?
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