Imagine this: you’re among the 220 lucky winners

Among the 220 lucky winners invited to dine with Donald Trump, excitement is brewing as the email notification arrives.

The scene is set: May 22, Trump National Golf Club in Washington D.C., black tie recommended. For those in the top 25, a VIP reception with a private tour awaits.

But for the thousands who didn’t make the cut, the verdict is in. Their wallets are in the red, and the dust has settled on the $TRUMP memecoin contest.

Also circulating news that the DOJ and SEC are keeping an eye on the project as it edges into shady fundraising territory.

The good, the bad, and the memecoin

The official competition around Donald Trump’s memecoin has closed, leaving only anticipation for the exclusive dinner with the former president.

“The first $TRUMP contest is officially over!” the project announced on X. If you’re among the top 220, check the email you used to register—quickly. Those invited must undergo background checks to confirm attendance.

The dinner will take place on May 22 at the Trump National Golf Club in Washington. The top 25 participants will also enjoy a VIP reception with a private tour. Exclusive NFTs will be distributed to holders based on their rank.

Excitement quickly turned into panic for some. The token had soared to $73 before plunging below $15.

Since launch, $TRUMP has been on a rollercoaster ride. According to Inca Digital’s analysis, about $148 million was spent in this race for a seat at the presidential table. The 220 winners amassed significant weighted positions.

The leading wallet, “SUN,” linked to the HTX exchange, holds $18.5 million in TRUMP. Among the top 58 wallets, each entity recorded a profit exceeding $10 million.

But nearly 764,000 wallets remain in the red since January. In total, about $3.9 billion has vanished for small investors.

The promise of a dinner wasn’t enough to calm the crypto storm. Marketed as a ticket to the elite, the $TRUMP token hit hard—and divided the crowd.

Some walk away with collector NFTs, while others mourn lost investments. The blockchain doesn’ยว