Trump pulled a stunt — whoever buys the most of his "Trump Coin" can dine with him among the top 220. As a result, a bunch of foreigners poured money in to climb the ranks, and this meal became the most expensive "meet-and-greet" in the crypto circle, while the coins in the hands of ordinary people might plummet.
The Crow is wondering who is pouring money?
Sun Yuchen (owner of TRON): Crazy spending of $20 million to buy coins to rise to first place, while simultaneously battling the SEC, clearly demonstrating "making money from fines to gain presidential exposure"
International Rich Group: 19 out of the top 25 are foreigners, with teams from Taiwan, Singapore's Dogecoin Fund, and Australian DeFi tycoons all participating, and someone anonymously shouted: "Check my identity? First, crack my wallet password!"
Unlucky Company: A company spent $2 million trying to get into a business dinner, but ended up ranked 250, unable to even get close to the door.
Does the Crow dare to imagine how expensive this meal was?
Total cost of $148 million (entirely paid by coin buyers)
Trump's own company earned $320 million in transaction fees.
The last place entry fee is $60,000, much cheaper than the traditional politician's "$5 million meeting fee", but the coin price plummeted by 10%, possibly resulting in a real loss.
Did the Crow carefully consider that the dinner must collapse afterward?
Sun Yuchen and others are likely to sell off after eating, retail investors should be careful of being trapped.
Other politicians may follow suit; in the future, meeting with members of Congress might require buying "Biden Coin" or "Musk Coin".
Ordinary people can't afford to play: big players spend money to change their networks, while retail investors follow suit and become cannon fodder.
Summarized by the Crow
Trump turned the presidential dinner into an on-chain lottery game, rich people spend money for photos, while retail investors follow suit buying coins as tickets. In the end, the big players earn transaction fees, while the coins in retail investors' hands may turn to worthless paper. This operation is both absurd and real — in the crypto world, even the president can "on-chain harvest retail investors".
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