41% of Top Trump Token Holders Dumped Before Private Dinner with US President

In an unexpected turn of events, 41% of the top 220 holders of the TRUMP memecoin offloaded their entire token holdings just hours before attending a private dinner with former US President Donald Trump.

According to on-chain data, 92 wallets that had previously been among the largest TRUMP token holders held zero tokens at the time of the event, despite having secured access to the exclusive gathering based on their earlier holdings.

From $11.3M to $7M in Hours

Before the dinner event, the total value of TRUMP tokens held by the leaderboard wallets stood at approximately US$11.3 million. However, shortly after the mass sell-off, that figure dropped to just US$7 million, reflecting a significant exodus of capital from the memecoin.

The token price also declined in parallel with the dump. On Thursday, 21 May, TRUMP tokens were trading at around US$15.80. Following the mass liquidation, the price slipped to US$14.58—a drop of over 7.7% in a matter of hours.

Dinner with Donald Trump: A Political-Crypto Experiment

The private event, held on 22 May at Trump National Golf Club, was part of a marketing campaign to blend crypto culture with Trump’s political brand. The top 220 TRUMP token holders were invited to dine with the former president, with the top 25 holders receiving an extra perk: a private reception and a guided tour of the White House.

The unusual fusion of politics and decentralised finance has sparked a lot of buzz—and scrutiny. While some viewed it as an innovative way to reward loyal supporters, others raised eyebrows at the token dumping that preceded the dinner.

Motivations Behind the Dump

Speculation is rife over why so many of the top holders sold off their tokens just before the high-profile event. Analysts suggest a few possible reasons:

• "Buy the rumour, sell the event" strategy: Many holders may have expected the dinner to cause a price spike and sold on the hype.

• No post-event utility: Some investors may have believed the token had served its purpose once the exclusive access was secured.

• Market uncertainty: With memecoins known for extreme volatility, risk-averse holders may have opted to cash out while in profit.

What’s Next for the TRUMP Token?

Despite the dump, the TRUMP token still holds value among remaining holders and meme enthusiasts. The event has drawn mainstream media attention, which could spark renewed interest—or further volatility.

The episode serves as a reminder of how rapidly sentiment can shift in crypto, especially in markets where utility is tied to real-world experiences or events.

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