Crypto Enthusiasts Reportedly Secure Spot At Trump’s Meme Coin Dinner For A Mere $1,200: Here’s How They Did It
An Official Trump (CRYPTO: TRUMP) holder said he secured a place at the upcoming exclusive dinner with President Donald Trump for a mere $1,200, according to a report on Wednesday.
What Happened: Cryptocurrency enthusiast Morten Christensen and his group were among the top 220 holders of Trump’s memecoin, according to a leaderboard tracking the cryptocurrency’s biggest buyers over the last three weeks. The dinner, scheduled for next week, required at least $54,500 in time-weighted holdings to secure a spot, Fortune said in a report.
However, Christensen and his friends managed to attend the event for just about $1,200 each. Their strategy involved buying the Trump memecoin and shorting the exact same amount, resulting in a market-neutral position. This basically meant that they spent only on trading fees.
They sold their Trump tokens and closed their short positions immediately after the dinner’s …
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