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Cryptocurrency News Articles

From Glam to Grim — The $TRUMP Crypto Dinner Just Served Its Bitterest Course Yet.

May 24, 2025 at 02:21 am

The elite-only dinner promised prestige. Instead? It delivered a portfolio massacre. New report from The Guardian: 43% of attendees lost EVERYTHING.

From Glam to Grim — The $TRUMP Crypto Dinner Just Served Its Bitterest Course Yet.

A recent dinner hosted by former President Donald Trump, touted to be an elite-only event, has descended into financial disaster for its attendees, who invested in a crypto token promoted by Trump himself.

According to a new report by The Guardian, 43% of the dinner guests have lost all of their investments in the Trump token, which was launched in January to great fanfare. Of the 95 top investors at the dinner, they have collectively lost nearly $9 million.

The biggest victims of the token crash include 'GAnt', a top 5 whale investor who is estimated to have lost $1.06 million, and 'Meow', a VIP investor with an estimated loss of $621K.

The Trump token began its journey with a surge in value following its launch earlier this year. However, the token has since crashed to nearly zero, leaving many investors in the red.

Those who were hoping to capitalize on the token's dip have also been met with disappointment, as the token's price has continued to plummet. Meanwhile, those who were planning to hold onto their tokens for the long term have also been wiped out.

The rapid depreciation of the Trump token has sparked questions about the nature of the dinner and the token launch.

Some have suggested that the dinner was nothing more than a celebrity-fueled cash grab, while others have speculated that the token launch was a pump-and-dump scheme. Another theory is that the Trump token is just another chapter in the ongoing saga of meme coin mayhem.

Whatever the case may be, the disastrous consequences for the dinner guests serve as a stark warning about the risks involved in crypto investing, especially when it is fueled by hype and celebrity endorsements. As one Twitter user wisely advises, "hype isn't a strategy, it's a trap."

The message is clear: do your own research, stay vigilant, and don't be fooled by the glitz and glamour of celebrity-endorsed tokens. Your financial well-being depends on it.

Disclaimer:info@kdj.com

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Other articles published on May 24, 2025