Donald Trump's VIP dinner list includes surprising names
Top business tycoons such as Elon Musk are reportedly going to attend the May 22 dinner in Washington, D.C. to meet President Donald Trump. Crypto industrialist Justin Sun is also a part of the VIP dinner list.
The top three wallets from the TRUMP token leaderboard, linked to the limited-access "Trump Dinner List," took out a combined 270,000 TRUMP tokens would $3.47 million from Binance in the past 24 hours.
Reported by on-chain analyst Aunt Ai, some transactions occurred on Apr 24. These wallets and one in the "MeCo" wallet have taken out over 925,000 TRUMP worth around $11.4 million since Apr. 23.
The average price at which the whales took the tokens out is $12.32, so they made about $890,000 in realized profit.
At press time, MeCo added over 539,000 TRUMP tokens, worth $6.65 million at current prices, between the last leaderboard snapshot and the latest update.
MeCo moved from 17 to 2 before the May 22 Trump Dinner, suggesting a strategic accumulation to top the list.
CASE, another VIP, dropped from first to third with 400,005 tokens after making no changes. MSTR, which held over 203,000 TRUMP, has left its wallet with zero holdings.
Arkham Intelligence has also reported that one whale has 'swapped $300K of FARTCOIN into TRUMP so that he doesn't fall out of the top 25 attendees for the Trump Dinner."
Roughly $11.4 million worth of TRUMP tokens were withdrawn from Binance this week alone.
These token withdrawals are happening just ahead of the limited-access dinner for the top 220 TRUMP token holders on May 22 in Washington, D.C.
On April 25, the Trump meme coin's official X account emphasized that the dinner engagement does not require a token holder to have over $300,000, clarifying previous confusion about it. The project team also clarified that people have been misquoting block explorer #220 as the cutoff, which is inaccurate.
The power imbalance is clear
The TRUMP coin was launched days before President Donald Trump took office on Jan 20. As per reports from Reuters, two companies - CIC Digital LLC and Fight Fight Fight LLC - that are connected to the Trump Organization "own 80% of the tokens on a collective basis.
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