We dwell in wild instances. Think about being informed simply a number of months in the past that the POTUS can have his personal meme coin. Or, that meme token would skyrocket to a multi-billion-dollar market cap earlier than it plunges by 90% inside weeks.
Or that the identical president, who was once in opposition to the business, would reward the coin on his social media channels. Or, that he’ll invite the highest 220 holders of that mentioned meme to have dinner with him…
By no means thought I’d see the day The President of America of America has a web site with a leaderboard on it for holders of their memecoin.
2025 is wild man. pic.twitter.com/rGxP4dG1Sy
— Ok A L E O (@CryptoKaleo) April 23, 2025
Nicely, it’s 2025, and all of that occurred in simply the previous three months. The dinner info went out yesterday, sending the token flying. It had declined to $9 after peaking at virtually $80 following the January launch, however shot as much as over $16 inside minutes as traders rushed to get in on the hype.
The value uptick resulted in TRUMP charting a seven-week excessive. Nonetheless, that is clearly a whales’ sport since a lot of the massive purchases had been value tens of millions of {dollars}. Or, possibly even insiders, one thing of which the venture has been accused of earlier than as properly.
A longtime $TRUMP liquidity supplier eliminated liquidity from 2 wallets 2 hours in the past, receiving 211,977 $TRUMP($2.76M) and 18,376 $SOL($2.76M).
Now, each wallets are within the high 220 holders — giving them a shot at scoring 2 invitations to the $TRUMP dinner.
This man purchased 332,424… pic.twitter.com/ti3v4LaV88
— Lookonchain (@lookonchain) April 24, 2025
Some used solely the hype, with in all probability little to no intention of attending the precise dinner. This whale spent $5 million USDC to purchase 407,467 TRUMP at $12.27 solely to promote the stash off for a $732K revenue inside lower than half-hour.
There’s additionally one ‘unhappy’ story as described by Lookonchain. The analytics platform mentioned one entity dumped all 630,339 TRUMP tokens simply earlier than the dinner information. As such, they missed out on a possible revenue of over $4.5 million.
What a tragic story!
This man dumped all 630,339 $TRUMP($5.48M) simply earlier than the #Trump dinner information.
If he had been extra affected person, his revenue would have been over $4.5M.https://t.co/mwWGMYi7eH pic.twitter.com/Mgh1ZaT8dQ
— Lookonchain (@lookonchain) April 23, 2025
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