Traders still offloading TRUMP holdings after dinner announcement — Nansen
Blockchain data indicates over $869 million in outflows from Donald Trump's memecoin, TRUMP, in the past week, with only about $96 million in inflows among the top 500 holders. This trend followed Trump's announcement that the top 220 TRUMP holders could apply for a dinner and White House tour. Nansen noted that more holders opted to sell their tokens than new buyers entered the market, suggesting interest in securing dinner tickets or capitalizing on price volatility. The top holder possesses 1,176,803 TRUMP coins valued at approximately $16 million. Speculation surrounds the identity of this holder, with some suggesting it could be Tron founder Justin Sun. The TRUMP token team controls 80% of the supply, raising concerns about potential conflicts of interest and the risk of a rug pull. Similar events were held previously for NFT purchasers related to Trump's legal issues.
