Crypt, because in 220 they spent 150 million for a dinner with Trump
The $ Trump issuing company has offered a gala reception with Trump for the greatest holders of the presidential crypt. The list of winners has arrived, but some of them have already sold everything by creating great profits
They spent almost $ 150 million to sit for dinner with Donald Trump. Some of them, however, will present themselves to the appointment with empty hands. Are the 220 major holders of the memecoin $ Trumpthe cryptocurrency coined by the President of the United States A few hours before his entry to the White House. On May 22 they will be welcomed to Washington by the President of the United States for an exclusive reception.
The lottery was launched on April 23 by the Fightfightfight LLC, the company behind the presidential cryptocurrency project and attributable to the Trump family. He was offering a gala dinner with the tenant of the White House for the 220 investors with the most full wallets of $ Trump. The 25 major holders, called « VIP », will be able to have an exclusive meeting with Trump before dinner and participate in a private tour.
The expense of the winners
The list of the winners was published yesterday on the Gettumpmemes website. According to the calculations of the company specialized in crypto-intelligence incal, These investors spent about $ 148 million to have a place at the table next to the republican magnate. In reality, it would be better to say that they bet 148 million because some of the participants in the Trump lottery brought home not only the sauce for dinner, but also a nice financial profit.
The calculation of the winning ticket
To win the prize to 220 investors, Fightfightfight took into account, on the one hand, the average quantity of $ trump owned in the period between April 23 and May 12 and, on the other, the duration of the detention of the cryptocurrency. This means that, after buying in hypothesis on April 24 and maintained until May 5, today some of the winners may not have a $ Trump in his pocket. And, in fact, if you scroll the list published on the crypt website, you note that Even among the 25 VIPs there is one – Tal Noah – which went from having 170 million $ trump to zero.
The suspicion of speculation
Mister Noah and the other 16 winners who will present themselves empty -handed at the dinner with the President of the United States probably participated in the lottery not so much to win the first prize, as to speculate on Trump’s cryptocurrency. Between the beginning of the race on April 23 and the end on May 12, the price of $ Trump rose by 70% from 8.5 to over 14 dollars. In the aftermath of the end of the lottery, the policy of the crypt immediately rushed by 13% to just over 12 dollars. Sign that, Once the push of the presidential dinner has been exhausted, some skilled traders sold to collect the profits made during the competition.
The collections for Trump
Who, for sure, has earned well from the lottery is the auctioneer. In fact, the fightfightfight of the Trump Organization collects a commission on each purchase and sale of $ trump and, during the competition period, the volumes of exchange of cryptocurrency have been very high. According to the Chanalysis company, Since January launch, the companies attributable to Trump have obtained over $ 350 million in commissions. It did not go as well to the investors of the first hour in $ Trump who, on the wave of the euphoria, at some point had been worth over 70 dollars, seven times the current price. According to Inca Digital, so, So far about 600 thousand investors have lost 3.87 billion dollars on their episodes on the presidential memecoin.
