Whale Skips Dinner, Makes $420K Profit on $TRUMP Token Instead
The post Whale Skips Dinner, Makes $420K Profit on $TRUMP Token Instead appeared on BitcoinEthereumNews.com.
The price of Donald Trump’s official meme coin (TRUMP) soared after the US president promised a private gala dinner for the cryptocurrency’s top investors. While this offer has been making headlines for weeks, several developments have surfaced with buy-ins, sell-offs, and endless calls for probes into what critics describe as a “stunt” and an “abuse of public office.” Recently, one of the top whales with an automatic dinner invite dumped more than a million dollars worth of their TRUMP coin holdings for a profit. This means that the whale is choosing to not only lock in profits, but also to skip out on the dinner and save money on the airfare and hotel money. Here are the details of this development. A High-Stakes Dinner Invitation The $TRUMP coin’s official website announced in late April, that the top 220 holders of the token will be invited to a black-tie optional gala dinner with President Trump on May 22 at his National Golf Club in Washington, D.C. More than this, the top 25 holders will also gain access to a “VIP reception” and a White House tour the following day. The dinner announcement from Trump| Source: GetTrumpMemes This dinner was immediately billed as “the most EXCLUSIVE INVITATION in the world,” and immediately caught the attention of crypto investors. Soon after this announcement, the TRUMP coin price jumped over 70% in value according to data from TradingView. This push caused its total market cap to hit roughly $2.7 billion. At the time of the announcement, the 220th wallet had around $420 in holdings and so far, that figure has skyrocketed to over $18,000. As it stands, entry into the VIP event now requires holdings of more than $1.4 million. Single Whale Dumps It All While certain whales are scrambling to rake in as…
Filed under: News - @ May 5, 2025 10:26 am