{"id":26817,"date":"2025-05-14T20:01:38","date_gmt":"2025-05-14T20:01:38","guid":{"rendered":"https:\/\/dogewisperer.com\/sell-off-begins-trump-token-sees-cash-outs-before-memecoin-dinner\/"},"modified":"2025-05-14T20:01:38","modified_gmt":"2025-05-14T20:01:38","slug":"sell-off-begins-trump-token-sees-cash-outs-before-memecoin-dinner","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26817","title":{"rendered":"Sell-Off Begins? Trump Token Sees Cash-Outs Before Memecoin Dinner"},"content":{"rendered":"
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Investors poured almost $2\u202fbillion into a new memecoin linked to US President Donald Trump. They did it in a rush to secure one of the 220 spots at a private dinner<\/a> on May\u202f22 at his Virginia golf club. But as soon as the cutoff hit, some big holders began selling off. That move left observers wondering whether the dinner was worth the cost.<\/p>\n

Investors Racing For Invitations<\/h2>\n

According to blockchain data, about 34 of the top 220 token holders had dumped most of their stakes by Monday evening, just hours after the window to qualify closed. They had hoped owning TRUMP coin<\/a> would guarantee them a seat at the table. Many seemed to think twice once the deadline passed.<\/p>\n

Sudden Sell-Off After Cutoff<\/h2>\n

Based on reports from crypto tracker Inca Digital, the token\u2019s price<\/a> plunged right after the cutoff on May\u202f12 before clawing back to finish Tuesday up nearly 9%. Prices can swing hard when demand drops. You buy high to secure the prize, then you sell before the next fall. It\u2019s a risky move, but that\u2019s how memecoin markets often behave.<\/p>\n

<\/p>\n

Ethics And Regulation Questions<\/p>\n

The idea of paying with a memecoin<\/a> to meet a president has generated plenty of heat. Democrats, ethics experts and crypto lobbyists have warned that corporate backers or foreign players could buy influence. They point out that memecoins sit outside the SEC\u2019s reach because they\u2019re framed as collectibles. That puts them in a murky spot when politics and money mix.<\/p>\n

\"\"<\/p>\n

Trading Fees Fuel Profits<\/p>\n

The Trump Organization and its partners aren\u2019t just standing by. According to Chainalysis, they\u2019ve taken in more than $320\u202fmillion in trading fees since launch. Over $1\u202fmillion of that came after the dinner invitation was announced. On April\u202f23, investors snapped up roughly $1.7\u202fbillion worth of tokens. Fees add up fast when volumes spike.<\/p>\n

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Somebody appears to have registered an HTX Cold Wallet for the Donald Trump dinner.<\/p>\n

HTX holds $14.6M TRUMP in this wallet, making it the largest wallet registered for the dinner.<\/p>\n

Address: 8NBEbxLknGv5aRYefFrW2qFXoDZyi9fSHJNiJRvEcMBE pic.twitter.com\/etX8uImNCz<\/a><\/p>\n

\u2014 Arkham (@arkham) April 24, 2025<\/a><\/p>\n<\/blockquote>\n

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Who\u2019s At The Top<\/p>\n

A leaderboard on the TRUMP site shows an account named \u201cSun\u201d as the biggest holder. That wallet has been traced to HTX, the offshore exchange advised by crypto billionaire Justin Sun. More than half of the top holders appear to be overseas. Even usernames, like one investor called \u201cnoah\u201d at No.\u202f25, can\u2019t hide real-world ties.<\/p>\n

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The First $TRUMP<\/a> Competition is officially over! Details and what\u2019s next for $TRUMP<\/a> Below:<\/p>\n

If you were in the top 220 on the leaderboard, check the email you signed up with for details on the Dinner with President Trump as soon as possible. There will be background checks that\u2026<\/p>\n

\u2014 TrumpMeme (@GetTrumpMemes) May 12, 2025<\/a><\/p>\n<\/blockquote>\n

Corporate Moves And The Road Ahead<\/p>\n

One public company, Freight Technologies of Houston, said it plans to buy $20\u202fmillion in tokens. Its CFO pointed out they\u2019re not after dinner invites. The move is part of a \u201cdigital asset strategy,\u201d the CEO said, to push for fair trade between Mexico and the US.<\/p>\n

Meanwhile, the memecoin team is rolling out crypto collectibles and a rewards points program for top holders. They\u2019ve teased more promos soon. It looks like this is only the start of the TRUMP experiment.<\/p>\n

Featured image from The Etiquette Consultant<\/em>, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Investors poured almost $2\u202fbillion into a new memecoin linked to US President Donald Trump. They did it in a rush to secure one of the 220 spots at a private dinner on May\u202f22 at his Virginia golf club. But as soon as the cutoff hit, some big holders began selling off. That move left observers […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26817","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26817"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26817\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}