Trump's memorial dinner winner gets rid of coins

Next week, the cryptocurrency investor lad will share a luxury dinner with U.S. President Donald Trump at a golf club in Washington, D.C. They won a seat at the dinner and bought a large number of Trump’s personal crypto coins. But, as they confirmed their location on Monday, almost half of them have gotten rid of their holdings, whether by selling coins or transferring them to a different wallet.

The team behind Trump’s coin announced the April 23 dinner contest, promising to invite the top 220 holders to dine with the president. Meanwhile, the top 25 will qualify for dual exclusive tours and predator reception, the website explains.

Organizers selected attendees based on who bought the most Trump and the longest coins between the announcement date and May 12. Although some winners have publicly identified themselves (such as Sheldon Xia), such as Sheldon Xia, the founder of Crypto Exchange Bitmart, most of them are hidden in the username and Alphanumericericerseric Crypto Wallet address on the rankings.

To gain a place at the dinner, investors must buy at least 4,196 Trump coins, worth about $54,000 at the time of writing. To get reception, the VIPs own an average of about 325,000 Trump coins, worth about $4.2 million.

At the time of writing, 100 of the 220 attendees have actually canceled the entire Trump hiding, including 17 of the 25 VIPs. A VIP on username Woo appears to deliver it to Trump shareholders of Crypto Exchange Binance on Wednesday, presumably for sale.

While attendees seem eager to attend audiences with Trump, the belief in the long-term potential of presidential coins as investment assets is low because the deadline for competition seems to mean that the belief in the long-term potential of presidential coins as investment assets is low. Trump's representative did not immediately respond to a request for comment.

This sentiment seems to be widely shared among complex crypto investors. As of Friday, only nine smart currency traders have invested nine smart currency traders in Trump coins, according to analysis by Nicolai Søndergaard, research analyst at Blockchain Analytics Company Nansen.

After the dinner was first announced, analysts expressed concern about the potential downturn in prices after the dinner space was confirmed, which was due to the sell-off of investors whose immediate motivation to hold the coins evaporate.

On May 12, the competition deadline, organizers tried to encourage qualified participants to stick to their coins, presumably to avoid selling. Organizers announced on X that any participants with Trump held with many Trump at the end of the game will receive a "very special and rare" NFT reward. They also teased a "reward points program" with details not yet disclosed.