Trump Crypto Dinner: Average Spending Exceeds One Million Dollars, Surprisingly, 70% of Attendees Are Not Americans?

On Thursday local time, over 200 wealthy, mostly anonymous crypto individuals will head to Washington to dine with U.S. President Donald Trump.

According to data analysis from blockchain analytics firm Nansen, the cost of entry is steep, with these 'winners' spending anywhere from $55,000 to $37.7 million on Trump's official cryptocurrency token $TRUMP.

The dinner organizers determined eligibility for seats based on how many $TRUMP tokens were held at specific points in time. Nansen found that these 'winners' collectively spent $394 million on Trump's official cryptocurrency, though some sold part or all of their holdings after the competition ended. Of course, the spending varied greatly: the top seven spent over $10 million each, while the bottom 24 spent less than $100,000 each.

Research shows that one-third (67 individuals) of the 'winners' spent over $1 million, with an average spend of $1,788,994.42 per 'winner'.

The highest spender has been identified as crypto entrepreneur Justin Sun, who told Forbes in March that he has become a citizen of the Caribbean nation of St. Kitts and Nevis. Justin Sun was sued by the U.S. Securities and Exchange Commission (SEC), but the case has been paused during Trump's administration.

The identities of most other competition winners remain undisclosed, known only through their pseudonyms and cryptocurrency wallet addresses. However, independent crypto researcher Molly White analyzed that most attendees appear to be foreign nationals. Molly White tracked the transactions of each winning wallet across different cryptocurrency exchanges and noted that the holders seem to have used exchanges not legally permitted for U.S. citizens.

Molly White told NBC News that among the 220 wallets associated with the bidding winners, 158 (72%) appeared to be foreign wallets.