The "Trump's Ace Token Dinner" has completely shaken up the crypto world. On the surface, it's a lottery to treat fans to dinner, but behind the scenes, it's just a scheme to harvest retail investors.
Out of the 220 winners, 95 have already suffered heavy losses, totaling 8.95 million dollars lost since buying the tokens in January. The worst off, an individual named GAnt, has lost a staggering 1.06 million dollars; this dinner has truly resulted in a total loss. Another VIP user named "Meow" has seen 620,000 dollars go down the drain; this VIP experience is really costly.
When this worthless token was first listed, it skyrocketed, reaching a market value of 14.5 billion dollars within 24 hours, only to plummet 68% the next day, and it’s still stuck in the pit. It's a classic pump and dump, where the thrill is the game. Those who rushed to buy tokens under Trump’s name have not even seen the president, yet their wallets have been emptied.
What’s most disgusting? On-chain data reveals that 764,000 small retail investors are all losing money, while only 58 big players have made a killing, each taking home at least 10 million dollars. Isn’t this a classic scheme in the crypto world? The big players feast, and the small investors are left with nothing.
To put it bluntly, this is a scheme orchestrated by Trump’s team. Using the "Presidential Dinner" as a gimmick to artificially inflate the token price and attract retail investors, while they cash out at the high. The associated wallets have earned 100 million dollars just in transaction fees; these are the real winners. Politicians playing the crypto game do it with an elite flair.
If you genuinely want to have dinner with Trump, think carefully — spending over 1 million dollars just to see him once? It might end up with him giving you a fake smile. Is it worth it? You should weigh it against your wallet.
The market is chaotic now, and one person’s blind efforts can easily turn them into cannon fodder. To avoid pitfalls, you need to look at real information more closely. If you currently feel helpless and confused about trading, and want to learn more about the crypto world and access cutting-edge information, click on my profile and follow me. Don't get lost in this bull market!
