US President Trump Held a Private Dinner with Top Investors of His Meme Coin, $TRUMP

On the evening of May 22, local time, US President Trump held a private dinner for top investors of his meme coin, $TRUMP

On the evening of May 22, local time, US President Trump held a private dinner for top investors of his meme coin, $TRUMP, at the Trump National Golf Club outside Washington.

As one of the most representative political tokens in the current crypto market, the $TRUMP dinner has attracted widespread attention in the crypto market. The menu, guest list and other details of the dinner have been gradually pieced together from public information and on-site reports.

The dinner was held at Trump's Trump National Golf Club outside Washington, DC. According to the schedule released by the White House, the reception for the President's VIPs (the top 25 wallet address holders) will begin at 5:00 p.m. The main dinner will be from 6:00 p.m. to 9:30 p.m., and Trump plans to leave the venue at 8:30 p.m. It is worth noting that the dinner is not open to the media, live broadcasting or carrying video recording equipment is prohibited, and mobile phones are allowed to maintain a high degree of privacy.

According to NBC News, citing data from blockchain analysis company Nansen, the 220 invited guests at the dinner invested a total of $394 million in $TRUMP tokens, with an average expenditure of about $1.78 million per person. The identities of most of these investors are not public, but some holders choose to reveal themselves. Tron founder Justin Sun holds more than 1.43 million Trump coins, making him the largest holder. In addition, Ronin Network co-founder Jihoz.ron, Magic Eden CEO Jack Lu, BitMart CEO Sheldon Xia and others also posted on social media about their attendance at the banquet.

According to reports, the dinner will be attended by the top 25 $TRUMP coin holders, who will receive special treatment such as an exclusive reception and a visit to the White House. The treatment was also seen as a reward mechanism for "loyal big investors." However, there were also reports that the VIP White House tour was scheduled for the next morning.

According to a report by Christensen, he and four friends decided to buy and short the same number of Trump Meme coins. After the list of dinner invitees was announced, they immediately sold the Trump tokens they held and closed their short positions. Their ticket costs remained at around US$1,200 per person.

According to The Guardian, 95 of the 220 TRUMP dinner attendees (about 43%) have suffered net losses totaling $8.95 million from buying TRUMP since the coin launched in January, based on their trading history and portfolios as of May 21. The contestant with the username "GAnt" appears to have lost the most. Despite ranking fourth on the leaderboard, the purchase of tokens led to a loss of $1.06 million. Similarly, user "Meow" lost $621,000 despite having obtained VIP status.

The known attendees of the dinner are:

Justin Sun: Founder of TRON, largest holder of $TRUMP

Kain Warwick: Founder of Synthetix, Australian crypto entrepreneur

Vincent Deriu, Advisor at Synthetix

Morten Christensen: Trader and 4 friends (each spent only $1,200)

Sheldon Xia: Founder of BitMart

"Ogle": World Liberty Financial consultant, pseudonym

MemeCore representative: A representative of a Singapore startup company, who is personally introduced as the second largest holder of $TRUMP

Vincent Liu, Chief Investment Officer, Kronos Research

Nikita Anufriev, Founder of the “Headliners” Podcast

Oh Sang-rok, Korean startup founder

Anonymous accounts include "Smooth Operator", "Booblino" and "GiantBabyCorn". In addition, Nick Pinto, 25, the marketing director of his family's law firm, told CNBC that he invested $500,000 in Trump's Meme Coin in order to get a seat at the dinner.

Meanwhile, the MemeCore representative may have attended the meeting in the following manner, but only he posted the photo, and the authenticity remains to be verified:

Trump's speech seemed old-fashioned, calling the United States the "global crypto capital" and criticizing Biden for being "unfavorable to the crypto industry." The overall content of his speech was substantive and unoriginal. On May 23, Trump posted on his social platform in the morning: "The United States is leading the field of cryptocurrency, Bitcoin, and we will maintain this position!"

As the poster child for a new generation of investors, 25-year-old Nick Pinto decided to use his family's money to invest in order to attend the dinner party. According to a report by Point of Bits, Pinto is the marketing director of his family's law firm and has been following the