The post Trump Meme Coin VIPs Transfer Tokens After Gala – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Event featured President Trump’s dinner with top meme coin investors. 24-hour on-chain data shows major token transfer post-dinner. Financial and ethical concerns raised about the event. Most holders of the Trump meme coin, who attended a high-profile dinner at the Trump National Golf Club, transferred their holdings shortly after the event. Market analysts highlighted the considerable financial and ethical implications, noting the dramatic decrease in average holdings among top investors. Main Content President Donald Trump hosted a prominent dinner for the holders of his meme coin at the Trump National Golf Club, where many were left without tokens soon after. On-chain analysis revealed that only 8 out of the top 25 VIPs held any TRUMP tokens post-event. Notably, Justin Sun retained 1.4 million TRUMP in his portfolio. The dinner event offered tiered benefits depending on investment level, allowing for private interactions with Trump and the gifting of watches valued at $100,000. These actions prompted discussions about the unique intersection of political power and cryptocurrency. The event had significant political dimensions with statements from White House Press Secretary Karoline Leavitt stressing it as a personal affair. Karoline Leavitt, White House Press Secretary, “The president is attending [the dinner] in his personal time. It is not a White House dinner. It’s not taking place here at the White House.” The market reaction was substantial, with major transfers to centralized exchanges noted. Experts raised ethical questions as Trump appeared to financially benefit from the presidency through these interactions. Demonstrations outside the event highlighted growing public skepticism concerning ethics and crypto influence. Meme Coin Ethics and Presidential Influence Under Scrutiny Did you know? The Trump meme coin dinner marks a rare instance where a sitting president directly linked financial dealings to presidential events, raising historical comparisons to ethical debates seen in past…

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Filed under: News - @ May 25, 2025 4:27 am