Trump’s Crypto Dinner Cost VIP Attendees an Average of $4.8 Million
The top holders of President Trump’s meme coin, TRUMP, averaged nearly $4.8 million in holdings to qualify for a private reception and dinner with him. The leaderboard rankings were based on a time-weighted average of TRUMP holdings from April 23 to May 12. The top 25 holders received VIP status, while 195 others had limited access. The largest holder, “Sun,” possessed around 1.4 million TRUMP tokens valued over $19 million, with speculation linking the account to billionaire Justin Sun. The TRUMP token's value spiked after the dinner announcement but has since fallen nearly 8%. A new rewards program and Solana NFT were introduced to incentivize holders. Background checks are required for dinner attendees, and the president's attendance is not guaranteed. Critics have labeled the TRUMP token leaderboard as a corrupt self-enrichment scheme.
