Mysterious TRUMP Token Holders Set for Dinner With Trump

According to CNBC the dinner, set for May 22 at Trump’s Virginia golf club near Washington, D.C., will host the top 220 $TRUMP holders, with invitations already sent out following a cutoff on Monday.

Many of the top holders are using pseudonymous wallets, adding a layer of mystery about who these investors really are. Blockchain analytics firm Inca Digital, in documents reviewed by CNBC, reveals where these holders are sending and receiving their tokens. Many transactions trace back to international exchanges like Binance, which do not service U.S. customers, raising suspicions that many holders might not be U.S. citizens.

International Influence in the $TRUMP Token Ecosystem

Bloomberg’s analysis found that 19 of the top 25 wallets associated with $TRUMP appear to belong to individuals or entities outside the U.S. One of the most significant players in the $TRUMP ecosystem is Justin Sun, the founder of the Tron blockchain. Sun has publicly stated that he purchased $75 million worth of World Liberty Financial tokens — which includes $TRUMP — with 75% of proceeds going to Trump-related entities.

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Sun, who was born in China, is reportedly at the top of the $TRUMP token leaderboard. A wallet linked to him currently holds over $18 million worth of $TRUMP, with $4.5 million of that invested after the dinner announcement, according to Bloomberg.

MemeCoin Volatility and Wealth Distribution

The volatile nature of the $TRUMP token is reflected in the leaderboard and wallet activity. According to Inca Digital, 560,376 wallets have collectively realized $5.2 billion in gains on the token. However, the same number of wallets—592,962—have incurred a combined loss of $3.9 billion. This stark wealth divide underscores the speculative nature of the meme token, where early investors have made substantial profits while many others have seen significant losses.

Blockchain Analysis Firms Drop Out of $TRUMP Tracking

Chainalysis and Elliptic, leading blockchain analytics firms, initially tracked the movements of $TRUMP tokens and trading fees. However, after CNBC’s coverage of the meme coin’s losses, both firms stepped back from tracking the token, citing existing client demands as the reason for halting further analysis of the cryptocurrency tied to Trump’s brand.

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