In short
- Most Trump -Toks VIPs have moved their participations to centralized fairs, presumably to sell.
- The average VIP companies fell from $ 4.78 million from Friday to $ 2.11 million.
- Trump dropped by more than 14% one day after the president’s crypto dinner.
The majority of Trump Meme Coin holders who earned the VIP status for President Trump’s exclusive galadinner, none of the tokens in that wallet held by the time they arrived on Thursday evening for dinner on Trump National Golf Course.
Data on chains collected from Solana Block Explorer Solscan shows that only eight of the top 25 VIPs maintain the official Solana-Meme of the President the day after dinner, with most of the registered addresses that tokens have transferred to centralized exchanges only a few days after the snapshot of 12 May.
One of those eight portfolios is from Justin Sun, the founder of Tron Network Die confirmed that he had the first place On the Get Trump Memes Leaderboard Days for the event. The wallet of Sun, who had 1.43 million Trump at the time of the snapshot of the dinner, still has slightly less than 1.4 million Trump tokens with a value of around $ 18.8 million.
“As the best holder of Trump and proud supporter of President Trump, it was an honor to attend the Trump Gala dinner,” Sun Posted on X Early Friday morning.
The second registered address on the Leaderboard, identified as Being associated with Layer-1 Meme Coin Blockchain Memecore, maintains his full balance of the snapshot on May 12, but only three other portfolios of the Top 10 have Trump -Tokens.
The other five have all transferred their balances to addresses that have been labeled by Solscan as centralized exchanges such as Coinbase and Binance, with one wallet transferring his Trump tokens Winter mute hot wallet.
While VIPS once Held an average of around $ 4.78 million WORTH from Trump -Tokens, the average interests of the group now amount to around $ 2.11 million – largely in the hand of the nearly $ 37.3 million in combined interests of the top two holders.
By transferring or selling their tokens, the VIPs will miss without balances On a Limited Edition “Diamond Hand” NFTOnly earned by maintaining their leaderboard -sali to dinner.
The willingness of some VIPs to give up their tokens immediately after dinner can give the Snapshot faith to the argument of legislators and other critics that their investments were purely a “pay-for-play” tactics to get close to the president.
Fear of foreign influence and crypto corruption as a result of dinner led to protests during the eventplus the introduction of a bill that would prevent the president Benefiting from crypto companies.
Even before the event, democratic senators sought an ethical probe During dinner, with reference to “serious risk that President Trump and other officials can deal with” pay-to-play “corruption by selling presidential access.”
Trump will fall by more than 14% to $ 13.22 in the last 24 hours, almost 82% discount on the all time of January.
Published by Andrew Hayward
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