Trump's "Trump Token Dinner" has recently caused a stir in the cryptocurrency circle.
Originally, the lucky draw was held under the banner of "dinner with the president", but now 95 of the 220 winners have become the victims - these people have lost a total of 8.95 million US dollars since they bought the coins in January this year. The worst is GAnt, which ranks fourth on the list, with a loss of 1.06 million US dollars. This dinner will probably be eaten with tears. There is also a VIP user named "Meow", who lost 620,000 US dollars. This VIP is really a loss.
This coin was really crazy when it was first listed, with a market value of 14.5 billion US dollars in 24 hours, but it plummeted 68% the next day, and it is still lying at the bottom. It is a typical trend of rising fast and falling faster, which is completely like a roller coaster. Those who bought coins frantically for the qualification of the dinner originally thought that they could get close to Trump, but ended up emptying their wallets first.
The most ironic thing is the inside story uncovered by the Chain Data Company: 764,000 small retail investors are all losing money, and only 58 mysterious big investors are making a lot of money, each of whom has taken away at least tens of millions of dollars. This is completely the old routine in the currency circle: a few people eat meat, while most people can't even drink soup, and have to pay back the capital.
If you ask me, this is a carefully designed drama of cutting leeks. Trump's team first used the "Presidential Dinner" as bait, hyping up the price of the currency to attract leeks to enter the market, and then sold it at a high price when the heat came up. Their own associated wallets made nearly 100 million US dollars in handling fees alone, which is the real winner. This wave of operations not only made money but also traffic. It is worthy of being a politician playing in the currency circle, cutting leeks with a presidential style.
I advise everyone who really wants to attend Trump's dinner to be mentally prepared first - spending 1.06 million US dollars to buy a meal ticket may end up with Trump winking at you. It is recommended to touch your wallet before deciding whether this deal is worthwhile.
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