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4mo ago

Top Buyers of Trump’s $TRUMP Coin Secure Gala Dinner Invitations as Ethics Probe Begins

The contest’s conclusion confirms a $160M leaderboard, while concerns over foreign influence and conflicts of interest prompt a Senate inquiry.

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President Donald Trump eats lunch with his cabinet and the Prime Minister of Italy in April.
FILE PHOTO: Donald Trump, who was then Republican presidential candidate, gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. REUTERS/Kevin Wurm/File Photo/File Photo
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Overview

  • The top 220 holders of the $TRUMP cryptocurrency have been invited to a May 22 gala dinner at Trump National Golf Club, with the top 25 granted VIP access to a private reception and tour.
  • The leaderboard, based on time-weighted holdings from April 23 to May 12, revealed that the top wallets collectively represent $160 million in $TRUMP coin holdings.
  • The contest has drawn bipartisan scrutiny, with Senator Richard Blumenthal opening a formal ethics inquiry into potential conflicts of interest and foreign influence risks tied to Trump’s crypto ventures.
  • Blockchain analysis indicates that many top $TRUMP holders are linked to foreign entities, including a wallet associated with Chinese billionaire Justin Sun, who holds nearly $18 million in $TRUMP.
  • Following the contest, the $TRUMP team launched a loyalty program featuring reward points and a limited-edition NFT to incentivize continued engagement with the cryptocurrency.