$TRUMP #DinnerWithTrump #BinanceAlphaAlert
Like many meme Trump's crypto dinner cost over $1 million per seat on average
In total, the 220 winners of the contest to attend the dinner spent $394 million on Trump’s official cryptocurrency.More than 200 wealthy, mostly anonymous crypto buyers are coming to Washington on Thursday to have dinner with President Donald Trump. The price of admission: $55,000 to $37.7 million.
That’s how much the 220 winners of a contest to meet Trump spent on his volatile cryptocurrency token, $TRUMP, according to an analysis by the blockchain analytics company Nansen.The top $TRUMP coin holders at a specific time — determined by the dinner’s organizers — secured a seat.
In total, the winners spent $394 million on Trump’s official cryptocurrency, Nansen found, though some have sold portions of or all of their holdings since the contest ended. The amount varied significantly by spender, with the top seven winners each spending more than $10 million and the bottom 24 each spending less than $100,000. A third of the winners — 67 of them — spent more than a million dollars, the research shows. The average winner spent $1,788,994.42.
Off the scale, literally
The average $TRUMP coin contest winner spent 500 times the federal election contribution limit for individuals.
Bar chart showing the average and median amount that buyers spent on the TRUMP crypto coin and how it compared to federal campaign contribution limits. The most an individual can contribute to a candidate is $3,500. The median TRUMP buyer spend $348,000 and the average buyer spent $1.8 million.
Average buyer
$1,788,994.42
Median buyer
348,460.68
Federal election contribution limit
3,500
Notes: The median counts the middle-most value of a group of numbers, and is used in situations where there are a large number of outliers skewing the average higher or lower. The Federal election limit is for an individual donor giving to an individual campaign during an election.Like many meme coins, $TRUMP’s value fluctuates wildly, according to CoinMarketCap,
