Trump meme coin holders offload tokens before gala dinner

Most top holders of the TRUMP meme coin sold or moved their tokens before attending Donald Trump’s exclusive crypto dinner on Thursday.

Only eight of the 25 wallets that earned VIP access still held TRUMP tokens the next day, data from Solscan shows.

Tron founder Justin Sun was among those who retained his holdings, keeping nearly all of the 1.43 million TRUMP tokens that secured his top spot on the leaderboard.

The wallet linked to MemeCore, a meme coin blockchain, also kept its full balance. However, most other wallets sent their tokens to centralised exchanges like Coinbase, Binance, or Wintermute.

The combined average holdings of the VIP group have dropped to roughly $2.11 million from around $4.78 million. The top two wallets now make up the bulk of the value, holding nearly $37.3 million combined.

Those who sold or transferred their coins will no longer qualify for the limited edition ‘diamond hand’ NFT, which was reserved for loyal holders.

The timing of the sales has raised concerns about potential ‘pay-to-play’ tactics. Some lawmakers say these investments aimed to buy access to Trump, leading to protests and a proposed bill to block his crypto profits.

Senators had already requested an ethics probe ahead of the dinner. Meanwhile, the TRUMP token has fallen 14% in the past 24 hours and is now down over 80% from its January peak.

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