Top Business Tycoons Including Elon Musk Will Reportedly Attend the May 22 Dinner with President Donald Trump

Top business tycoons such as Elon Musk are reportedly going to attend the May 22 dinner in Washington, D.C. to meet President Donald Trump. Crypto industrialist Justin Sun is also a part of the VIP dinner list. By .

Crypto industry tycoon Justin Sun is on the guest list for the May 22 dinner with President Donald Trump, according to reports.

Also attending the dinner will be the top three wallets from the TRUMP token leaderboard, which is linked to the limited-access “Trump Dinner List.” Together, they pulled out a combined 270,000 TRUMP tokens, good for $3.47 million from Binance in the past 24 hours.

Some of the transactions took place on Monday, April 24, according to on-chain analyst Aunt Ai. In total, these three wallets and one in the "MeCo" wallet pulled out over 925,000 TRUMP, valued at around $11.4 million since Saturday, April 23.

The average price at which the whales took the tokens out is $12.32, so they made about $890,000 in realized profit.

At press time, MeCo added over 539,000 TRUMP tokens, worth $6.65 million at current prices, between the last leaderboard snapshot and the latest update.

Credit: Aunt Ai

MeCo moved from 17 to 2 before the May 22 Trump Dinner, suggesting a strategic accumulation to top the list.

CASE, another VIP, dropped from first to third with 400,050 tokens after making no changes. MSTR, which had over 203,000 TRUMP, has left its wallet with zero holdings.

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In a separate report by Arkham Intelligence, it's noted that one whale has "swapped $300K of FARTCOIN into TRUMP so that he doesn’t fall out of the 25th attendee for the Trump Dinner."

This huge sum comes after reports that roughly $11.4 million worth of TRUMP tokens were withdrawn from Binance this week alone.

These token withdrawals are happening just ahead of the limited-access dinner for the top 220 TRUMP token holders with President Trump on May 22 in Washington, D.C.

The power imbalance is clear

The TRUMP coin was launched days after President Donald Trump took office on January 20. As per reports from Reuters, two companies - CIC Digital LLC and Fight Fight Fight LLC - that are connected to the Trump Organization "own 80% of the tokens on a collective basis.

Similarly, Time also reported on January 22 that Trump's team has at least 80% of the coin's supply, giving them a ton of power over the token's price.

TRUMP token’s MACD chart shows a sharp spike followed by a steep decline around April 24, reflecting heightened volatility as whales moved over $11 million ahead of the exclusive Trump dinner event. Source: TradingView

TRUMP is currently trading at $13.14, up 5.81% from the previous day. According to the technical analysis, the token's value is likely to rise further.