Crypto Traders Who Secured A Dinner With Donald Trump Walked Away With Major Profits, Says Analysis
A new investigation has revealed how a Trump-themed cryptocurrency contest led to dramatic financial outcomes for participants.
While some traders walked away with sizeable profits, others may be holding significant losses, all while securing a spot at a private event with President Donald Trump.
What Happened: Crypto holders were invited to compete for access to a private dinner with Trump by collecting large amounts of the $TRUMP memecoin in transparent blockchain wallets.
The competition window caused the token’s value to climb sharply, reaching $15.33 from a starting point of $9.26. Once eligibility closed on May 12, many participants began liquidating their positions, despite contest organizers encouraging long-term holding.
By the time the event lineup was confirmed, most of the 25 top-tier winners, those promised an in-person dinner and reception with the president, had already exited their positions. Of these, 22 had only begun accumulating the coin after the contest began, …
About The Author
