According to official news, Trump plans to host a "TRUMP DINNER" on May 22 at his Mar-a-Lago estate, exclusively for the top 220 holders of the TRUMP token. Following this announcement, the price of the TRUMP token surged over 40% on the same day, skyrocketing from $9.3 to a peak of $16.
Dinner News Ignites Market Enthusiasm
According to information released on the official TRUMP token website and official X account, this dinner is not only another iconic event for Trump to interact with the crypto community but also a strong endorsement of the TRUMP token ecosystem. It is reported that the top 25 token holders will be invited to an exclusive reception before the dinner, allowing them to engage closely with Trump himself. Additionally, the first batch of unlocked tokens and the daily releases over the next three months will be locked for an extra 90 days to stabilize market expectations. The official announcement also revealed that a VIP White House tour for whales will be arranged the following day, hosted by Fight Fight Fight LLC, a company under the Trump family, further enhancing the event's appeal.
This positive news quickly ignited market sentiment. AiCoin data shows that the market capitalization of the TRUMP token surged shortly after the announcement. On social media, investors expressed that "this dinner is not only a symbol of wealth but also a reflection of the deep binding of Trump's personal brand with the crypto market." Analysts pointed out that through such high-profile events, Trump successfully combines his political influence with the cryptocurrency market, attracting the attention of both retail and institutional investors.
Whale Operations: Some Regret, Some Profit
However, market opportunities always come with regrets and surprises. According to on-chain analyst Ember (@EmberCN), an early investor in the TRUMP token liquidated their entire position about 20 hours before the dinner announcement, making a profit of only $483,000. Had they held their position until after the announcement, when the token price soared to $14.7, their theoretical profit could have reached $4.28 million, missing out on nearly $3.8 million in potential gains.
On the other hand, a sharp-eyed whale seized this opportunity. According to Ember's data, at 00:16 on April 24, this whale purchased 407,467 TRUMP tokens for $5 million, at an average price of $12.27. Just 29 minutes later, driven by the positive news of the dinner, the token price rapidly increased, and the whale sold all at $14.06 at 00:45, exchanging for 5.732 million USDC, netting a profit of $732,000, with a return of 14.6%.
Market Discussion and Risk Warnings
Trump's "token issuance" saga has drawn attention since the TRUMP token was first launched on January 17, 2025. On that day, Trump announced the token's issuance on social media, and within 12 hours, the price surged over 15,000%, with the market capitalization briefly exceeding $30 billion. Now, the dinner news further boosts market enthusiasm but also sparks discussions about the high volatility of Meme coins. Industry insiders point out that 80% of the TRUMP token's supply is controlled by the Trump family, and the market risks cannot be ignored. Analysts from the well-known Wall Street investment firm Bernstein warn that the speculative nature of Meme coins leads to extreme price fluctuations, and investors should be wary of "rumor arbitrage" and whale manipulation risks.
Trump's Crypto Ambitions
The TRUMP token is not only a new attempt to monetize his personal brand but is also seen as an important move to promote the development of the crypto industry. Ben Zhou, CEO of Bybit, stated that the TRUMP token craze has prompted a significant flow of funds from centralized exchanges to on-chain trading, highlighting the potential of decentralized finance. Meanwhile, Trump plans to establish a cryptocurrency advisory committee after taking office to alleviate regulatory burdens on the industry, further boosting market optimism towards cryptocurrencies.
However, critical voices are also prevalent. Nick Tomaino, founder of 1confirmation, believes that the Trump family's control of 80% of the token supply and the high-profile launch just before taking office poses predatory risks. Nevertheless, the success of the TRUMP token undoubtedly injects new vitality into the Meme coin market and showcases Trump's "money-making" ability in the crypto space to global investors.
The "TRUMP DINNER" on May 22 is not only a feast for top token holders but may also mark a new starting point for Trump's crypto empire. While investors chase the wealth effect, they must also remain rational and vigilant against the risks posed by high volatility.
HashKey Chief Analyst Jeffrey Ding: "This is a carnival of capital and attention, but after the carnival, the risks are the reality that deserves the most caution."
This article represents the author's personal views and does not reflect the stance or views of this platform. This article is for informational sharing only and does not constitute any investment advice to anyone.
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