Top TRUMP whales hold $174M in tokens ahead of dinner with US president
The top holders of Donald Trump's memecoin have been finalized for a dinner and VIP tour with the president on May 22. The TRUMP memecoin project announced on May 12 that it would cease additional purchases for this event and informed the top token holders to apply for background checks. The top 220 wallets collectively held over 13.7 million tokens, valued at approximately $174 million. Many token holders are reportedly based outside the U.S., raising security and conflict of interest concerns. Criticism from U.S. lawmakers regarding the memecoin's launch has intensified, with calls for congressional oversight and impeachment. Companies like Freight Technologies have invested significantly in the memecoin, potentially influencing Trump's policies. Trump previously engaged with crypto users during his 2024 campaign by hosting a dinner for supporters of his mugshot NFTs. Speculation exists about potential attendees, including notable figures like Justin Sun and Elon Musk.
