Wealthy Cryptocurrency Investor Pumps Over $5 Million into TRUMP's Campaign for Exclusive Presidential Dinner Access
Hot Shots in Crypto Shake Up TRUMP Meme Coin, Chasing Donald Trump's Dinner
Crypto whales are making a splash in the TRUMP coin realm, driven by the tantalizing prospect of dining with the former US President Donald Trump.
On April 26, blockchain sleuth EmberCN flagged significant whale activity revolving around the TRUMP token.
TRUMP Whales Go Long, Holding onto Hope for Presidential Hangout
EmberCN reported a significant investor cash-flowing $732,000 in initial profits but opting to stay in the game instead of cashing out. The whale reinvested the earnings, along with additional funds, purchasing 427,000 TRUMP tokens at an approximate cost of $5.73 million.
Binance supplied over half the funds, with the rest stemming from earlier trades. The whale averaged around $13.40 per token, demonstrating confidence in the meme coin's future prospects.
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The intense TRUMP buying frenzy has paid off handsomely for Donald Trump and his team. According to Chainalysis, the trading fees tied to the coin accumulated nearly $900,000 for Trump's associates over the last 48 hours.
It's thought that the whale's aggressive move underscores their ambition to secure a coveted spot among the top TRUMP token holders.
Speculation abounds that only those investing substantial sums can secure an invite to the May 22 dinner with Donald Trump, scheduled to take place at the Trump National Golf Club in Washington, D.C.
However, the TRUMP team swiftly alleviated concerns, clarifying that no specific dollar value, such as $395,000, is required to attend the dinner. Instead, the team emphasized that users should only focus on their rankings on the official leaderboard.
Leaderboard rankings, taking into account the amount of TRUMP tokens held over time, will determine which participants are eligible for the high-profile event.
As of press time, the "Sun" wallet confidently leads the leaderboard, boasting an impressive stash of over 1.17 million TRUMP tokens, valued around $18 million. Meanwhile, the "Emi" wallet secures the 220th spot, holding 418 time-weighted tokens valued just above $6,000.
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[1] Chainalysis data revealed that trading fees from the TRUMP meme coin have generated nearly $900,000 for Trump's associates over the last two days.
[2] Top 220 TRUMP token holders to qualify for the dinner with Donald Trump, bypassing any dollar-value requirement. It was clarified that a minimum holding of $420 was mentioned in some communications, but it is not a prerequisite for the top 220 holders based on their token holdings and duration of holding.
[3] Background check and geographical restrictions are imposed upon attendees. Participants hailing from countries on an anti-money laundering watch list are not eligible due to KYC restrictions. Guests are also strictly prohibited.
[4] Top 25 holders receive special perks, such as a private VIP reception with the former President and an exclusive White House tour.
- The TRUMP coin transactions have brought in a substantial estimated $900,000 in trading fees for Donald Trump's associates, as revealed by Chainalysis data.
- Contrary to previous rumors, the top 220 TRUMP token holders are qualified for the dinner with Donald Trump, regardless of the dollar value they hold. It was stated that a minimum holding of $420 was mentioned in some communications, but it is not a prerequisite for the top 220 holders based on their token holdings and duration of holding.
- Background checks and geographical restrictions are imposed upon attendees at the dinner, with those from countries on an anti-money laundering watch list being ineligible due to KYC restrictions.
- Among the top 25 TRUMP token holders, there are special perks such as a private VIP reception with the former President and an exclusive White House tour.
- While crypto whales are aggressively investing in TRUMP tokens, there's a predominant 'hodl' strategy among these investors, as evident by one instance where a significant investor reinvested their initial profits instead of cashing out.
- The "Sun" wallet is leading the official leaderboard, holding an impressive stash of over 1.17 million TRUMP tokens, valued approximately $18 million.
- Celebrities and pop-culture icons have also been drawn to the crypto scene, with some even dabbling in TRUMP tokens, as crypto finance and trading continue to blur the lines between finance and entertainment.
- With the blockchain analysisMatcher tool from Chainalysis, investors can track and analyze the flow of funds across different transactions, aiding in making informed decisions when investing in cryptocurrency projects like TRUMP coin.
- The TRUMP coin realm is a clear example of the transformative power of blockchain technology, demonstrating its potential to bring together finance, entertainment, and even presidential dinners in an unconventional yet engaging way.
