Foreign Capital Flood: Want a Seat at TRUMP Meme Coin Dinner? It’ll Cost You a Cool $5M

Foreign Capital Flood: Want a Seat at TRUMP Meme Coin Dinner? It’ll Cost You a Cool M

The TRUMP crypto dinner contest has closed, and the ultimate leaderboard is out. High holders secured their seats at an unique gala with Donald Trump, whereas others walked away with themed NFTs.

Past the rewards, the occasion stirred debate throughout the crypto scene about equity, hype mechanics, and the way a lot affect meme cash ought to have.

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TRUMP Crypto: Who Made It to the High?

The leaderboard ranked wallets based mostly on a time-weighted common of TRUMP token holdings from April 23 to Might 12 with the highest 220 given VIP entry to fulfill Trump himself at a Gala dinner.

  • The “Sun” pockets—extensively suspected to be tied to Tron’s Justin Solar—topped the board with greater than $19 million in TRUMP. V
  • IPs held a median of $4.8 million every through the contest window.
  • Some, like “Noah” and “Top,” cashed out early however nonetheless held excessive rankings because of the principles favoring early quantity over remaining steadiness.

Trump meme coin organizers rolled out a brand new bribe through the recreation: limited-run “Diamond Hand” NFTs for anybody holding their place till Might 22.

To maintain momentum going, the crew additionally launched the Trump Rewards Factors Program, which permits holders to rack up redeemable factors by linking their wallets.

Controversies and Moral Questions Cling Over TRUMP Crypto

Whereas the competition undoubtedly generated buzz, it has not been with out criticism. Allegations of battle of curiosity, worth manipulation, and undue affect have surfaced, with some labeling the occasion as ethically questionable.

Watchdog teams and political critics have accused President Trump of utilizing the meme coin as a self-enrichment scheme, noting that personal corporations and worldwide traders might have acquired TRUMP tokens to achieve affect.

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The leaderboard has additionally raised safety considerations, as a Bloomberg report prompt that most of the largest TRUMP token holders are based mostly outdoors america.

Unsurprisingly, the competition’s conclusion has impacted the TRUMP token’s worth. Following an preliminary surge when the dinner was introduced, the token has since dropped almost 11%.

A Polarizing Occasion within the Crypto Epoch

The TRUMP meme coin dinner contest has been an enchanting mixture of group engagement, market incentives, and controversy.

That’s just about a regular response to something Trump-backed!

It highlights the potential for crypto tasks to generate pleasure whereas drawing consideration to the moral and safety challenges related to such initiatives.

EXPLORE: XRP Worth Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

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Key Takeaways

  • High holders secured their seats at an unique gala with Donald Trump, whereas others stroll away with themed NFTs.
  • The TRUMP meme coin dinner contest has been an enchanting mixture of group engagement, market incentives, and controversy.

The put up Foreign Capital Flood: Want a Seat at TRUMP Meme Coin Dinner? It’ll Cost You a Cool $5M appeared first on 99Bitcoins.

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