President Trump’s anticipated gala dinner at his Virginia Golf Membership simply exterior Washington, D.C., will quickly collect 220 TRUMP token holders. It’s broadly believed that many attendees will likely be from different nations, with TRON founder Justin Solar confirmed to be the pinnacle of the leaderboard.
BeInCrypto compiled an inventory of confirmed and tentative attendees and analyzed on-chain stories from analysis companies Nansen and CryptoQuant to guage the long-term implications of the occasion’s conclusion on TRUMP’s value efficiency.
Contained in the TRUMP Dinner Gala
Tomorrow, 220 prime TRUMP holders will arrive at Trump’s Virginia Golf Membership simply exterior Washington, D.C., for an unique dinner with the President they paid hundreds of thousands of {dollars} to take part in.
Of them, 25 will attend instantly after solely touring the White Home.
Although most wallets are pseudonymous, a number of stories point out that almost all attendees are tied to worldwide exchanges that don’t serve US customers, suggesting they’re primarily based exterior the US.
Different attendees have already confirmed their help in social media posts.
Leaderboard’s Prime Spot: Justin Solar
TRON founder Justin Solar secured first place on the management board by pouring roughly $16 million into TRUMP tokens, bringing his complete holdings to over 1,430,000. Solar confirmed his attendance in an X publish, including that the dinner will present a key alternative to attach with completely different leaders.
Apart from his funding in TRUMP meme cash, Solar beforehand poured $75 million into World Liberty Monetary, a challenge the place 75% of revenues are routed on to Trump-owned entities.
In 2023, the US Securities and Change Fee (SEC) charged Solar with market manipulation and providing unregistered securities.
Regulators sought numerous injunctions in opposition to him that may have largely prevented him from persevering with crypto-related actions inside america.
MemeCore: The Second-Place Contender
Singapore-based crypto community MemeCore secured second place by investing $18.6 million in almost 1,400,000 value of TRUMP cash. The community has been vocal on its social media about its help for the Trump presidency.
The corporate, which champions meme cash and on-line tradition, repeatedly said its intentions to safe the highest spot on the leaderboard. It additionally inspired people to donate their TRUMP cash to its marketing campaign, providing bonuses to those that do.
The record continues.
A Crypto Sleuth Amongst Prime Holders
Ogle, a pseudonymous crypto sleuth who dedicates his time to recovering hundreds of thousands of {dollars} value of stolen funds, secured the twenty second spot. Hw has expressed help for Trump on his social media previously. Ogle additionally joined World Liberty Monetary as an advisor in September 2024.
In keeping with the leaderboard, Ogle holds over 250,000 TRUMP meme cash, value over $3 million. On Could 12, the day the competition concluded, he confirmed on social media that he was among the many prime 25 holders.
Hypothesis Round Unconfirmed Friends
Although most pockets house owners stay unidentified, there was a lot dialogue round some pockets names showing on the leaderboard. Throughout social media, customers have speculated that one pockets, recognized as “Elon,” refers to Tesla founder Elon Musk.
In a digital interview yesterday on the Qatar Financial Discussion board, Musk revealed that he could be having dinner in Washington, D.C., with the President later this week. Whether or not or not he was referring to the gala dinner stays unclear and has not been confirmed by the Tesla CEO.
Customers have additionally pointed to a pockets named “MSTR,” hinting that the proprietor could also be a consultant from Bitcoin behemoth MicroStrategy. Nevertheless, these claims stay rumors.
Different stories have prompt that Australian crypto entrepreneur Kain Warwick may additionally be among the many prime TRUMP holders eligible for tomorrow evening’s dinner.
Warwick has beforehand expressed his need to fulfill with Trump in interviews and acknowledged in January that he had purchased a big quantity of TRUMP shortly after its launch.
“Wick” is among the many pockets names that made it to the highest 220 record. Nevertheless, Warwick has not made any public claims relating to his attendance.
Intrigue over the dinner company apart, the information reveals TRUMP’s worth is persistently reactive to main information.
How Do Main Bulletins Affect TRUMP’s Worth?
TRUMP’s value motion since its launch in the beginning of the 12 months has largely been event-driven.
Till now, the 2 most vital occasions that drove the meme coin to new highs have been Trump’s presidential inauguration and his announcement of the gala dinner. TRUMP’s value additionally crashed following controversial bulletins associated to his commerce insurance policies.
“For instance, the token’s buying and selling quantity spiked to $530 million when the [winners were] introduced on Could 12. Earlier than that, buying and selling quantity had spiked in late April in the direction of $1 billion, pushed this time by the Trump’s tariff pause announcement. Likewise, the value of TRUMP has recovered from $7.5 to $12.7 on this interval,” Julio Moreno, Head of Analysis at CryptoQuant, informed BeInCrypto.
Proof means that regardless of the excessive quantity of speculative buying and selling, the TRUMP meme coin has usually yielded extra losses than income for these concerned.
A Grim Actuality: Extra Losers Than Winners?
In keeping with knowledge evaluation by analysis agency Nansen, roughly 20 million TRUMP tokens, valued at almost $280 million, have moved into digital wallets holding at the very least 10 TRUMP tokens for the reason that announcement. In the meantime, outflows have reached about $109 million, indicating a surge in speculative buying and selling.
Nevertheless, the information paints a grim image. Regardless of over 2,600 merchants collaborating, 70% have suffered losses, with complete losses for the reason that announcement exceeding $21 million, far surpassing any income.
“With most individuals presently within the pink, the Trump Dinner gamble is proving pricey for a lot of, whilst attention-grabbing incentives drive short-term demand,” learn the evaluation by Nansen researcher Nicolai Sondergaard.
With the competition over and the dinner imminent, TRUMP’s value will stay extremely delicate to the President’s future bulletins.
Disclaimer
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