Dinner for $ 148 million: Trump has collected his cryptocurrency buyers
MEME Cryptocurrency buyers of US President Donald Trump have arrived from all over the world at his private country club near Washington overlooking the Potomak River, just outside the country’s capital.
It’s about Justin Sun, who won first place in the dinner competition with his wallet of $ 18.5 million. On Wednesday, Sun posted a video visiting the building of the Executive Bureau to the White House. The US Securities and Exchange Committee has recently halted its 2023 fraud case against Sun, citing public interest.
In total, investors have spent approximately $ 148 million on the MEM coin $ Trump to secure dinner places. A total of 25 largest owners have allocated over $ 111 million, according to Crypto Intelligence Company Inca Digital.
Trump’s meme holders spent $ 148 million for dinner with him
For months – $ 320 million from a taxi
The Trump -controlled company and a second company together hold 80% of the remaining $ Trump coins and have earned $ 320.19 million so far, including at least $ 1.35 million after the dinner is announced, according to the Chainalysis blockchain analysis company.
More than half of the 220 people in the event are probably based outside the United States, according to blockchain analysis.
Investors came in the hope of a rare opportunity: access to the president. According to the $ Trump website, these 25 will go around the White House, but the information was deleted (at least Justin Sun was in the complex).
It is known that at least one of them gave up because of fears that if his identity is disclosed, there will be a danger to his security, but some – for example, the basketball star Lamar Odom. The guests were thoroughly carried out, says Wall Street Journal.
| Ever since the $ Trump was launched in January, profits are in favor of big investors: over 60 large portfolios have made a profit of nearly $ 1.5 billion, with $ 48 million having profits after Trump has published information about the Social Networking Competition. |
Meanwhile, about 600,000 other smaller portfolios have lost $ 3.87 billion so far, with $ 117 million in losses having occurred after the dinner was announced.
Criticism
The White House claims that Trump’s assets are managed in a trust controlled by his children and that he has no role in operations. The Democrats held a press conference and protest against the dinner and demanded the names of all participants to be announced, as the event raises « anxious questions about foreign influence, national security and growing corruption in the heart of Trump’s crypto Empire ».
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Democrats say that cryptomone allows the president to use an unregulated industry to enrich and trust foreign influence, allowing anonymous foreign persons to personally buy access to it. The White House denies having a conflict of interest.
But even some Trump allies look at anxious. Cynthia Lisha, a Republican senator, a firm and unwavering defender of the crypto industry, says dinner makes her think. Republican Pete Seate told CNN that dinner is a « mistake » because maintenance of cryptocurrency is not particularly interested in America.
