As Donald Trump's VIP Dinner for Meme Coin Holders Turns Out to Be a Flop, 2 Whales Dumped Their Holdings

As the highly-anticipated Donald Trump VIP dinner for a selection of meme coin holders turns out to be a flop, two crypto whales have cashed out massively.

As the highly-anticipated Donald Trump VIP dinner for a selection of meme coin holders turns out to be a flop, two crypto whales have cashed out massively. On Sunday morning, two large TRUMP coin investors chose to take a loss instead of keeping the PolitiFi meme coin for a longer period of time.

Solana Whales Surrender To Massive TRUMP Losses

First, one Solana crypto whale got rid of 337,560 TRUMP crypto tokens, losing $1.38 million in the process. Previously, this Solana meme coin investor made a solid profit of $196K on the United States President’s signature meme coin.

2 whales dumped 765,128 $TRUMP($8.58M) at a loss of $2.34M 5 hours ago!3kjP9L made $196K on $TRUMP before, sold 337,560 $TRUMP($3.81M) 5 hours ago and lost $1.38M.7X6Vun made $732K on $TRUMP before, sold 427,568 $TRUMP($4.77M) 5 hours ago and lost $961K!Not only did they… pic.twitter.com.

Meanwhile, the other Solana whale in question was $732K up on Official Trump (TRUMP) coin (CRYPTO: TRUMP) before, but decided to sell 427,568 TRUMP coins on Sunday morning to an eye-watering $961K deficit. Besides erasing the previous gains, the two unfortunate Solana crypto whales also succumbed to a $1.42 million principal deficit.

What Triggered The Multi-Million TRUMP Coin Sell-Off?

Indeed, the Official Trump (TRUMP) coin dumped from $12.72 to $11.38 in three hours on Saturday evening. The quickly shifted sentiment surrounding the presidential meme coin could have been triggered by an ethics probe by Democratic Senators Adam Schiff & Elizabeth Warren.

The two Senators alleged in a letter to the Federal Election Commission that the campaign finance reports filed by Trump’s 2024 presidential campaign, Trump’s joint fundraising committee, and the MAGA Inc. political committee “appear to disclose an illegal contribution scheme.”

If that’s proven, Donald Trump might have a harder time setting up the dinner on May 22, 2025. Currently, the official Trump coin website claims that the TOP 220 holders are eligible for this offer, while the TOP 25 largest TRUMP crypto holders are invited to an exclusive meet & greet before dinner.

Top $TRUMP memecoin holders will be able to have a VIP gala dinner with President Trump on May 22. Top 3 holders on @dexscreener have $277M, $173M, and $172M respectively.

On top of that, the biggest TRUMP coin holders get a ticket to a special VIP tour around the fanciest areas of Washington, DC a day after dining with Donald. While the VIP meme coin holder dinner is still in play, TRUMP crypto price sustains above $11 after a 2% recovery in 24 hours, according to CoinGecko.

On The Flipside

Why This Matters

Large political figures participating in crypto can be challenging for the investors, as well as regulators. However, it paves the way for retail adoption, opening discussions about the boundaries of crypto endorsement among celebrities.

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