Trump Meme Coin Attracts Whale Investors
Crypto Whales Invest Millions in TRUMP Meme Coin
Significant whale activity has been observed in the TRUMP meme coin market, fueled by the prospect of a private dinner with former US President Donald Trump. Blockchain researcher EmberCN reported a major investor's purchase of 427,000 TRUMP tokens for approximately $5.73 million, with funds sourced from Binance and prior trading profits.
Dinner Invite Frenzy
The TRUMP token team announced plans to invite the top 220 token holders to a May 22 dinner with President Trump. This sparked speculation and significant buying pressure, with initial estimates suggesting a $395,000 investment was needed to secure a spot. However, the team clarified that only wallets listed on the official leaderboard, tracking time-weighted holdings, qualify. This leaderboard excludes locked tokens, exchange holdings, and market makers.
Key takeaway: The required investment to attend the dinner is significantly lower than initially reported. The top 220 spots on the official leaderboard currently require substantially less than $395,000.
Financial Implications
The trading activity generated approximately $900,000 in fees for Trump's associates within two days. The largest holder, known as the "Sun" wallet, possesses over 1.17 million TRUMP tokens, valued at roughly $18 million. Meanwhile, the 220th position on the official leaderboard currently requires just over $6,000 worth of tokens.
Codeum, a leading blockchain security and development platform, provides comprehensive services including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies. Contact us today to ensure your project's security and success.
Disclaimer: This information is for educational purposes only. Always conduct your own research and seek professional advice before making any investment decisions. The cryptocurrency market is inherently risky, and past performance does not guarantee future results.