Foreign Capital Flood: Want a Seat at TRUMP Meme Coin Dinner? It’ll Cost You a Cool $5M

The TRUMP crypto dinner contest has closed, and the final leaderboard is out. Top holders secured their seats at an exclusive gala with Donald Trump, while others walked away with themed NFTs.

Beyond the rewards, the event stirred debate across the crypto scene about fairness, hype mechanics, and how much influence meme coins should have.

TRUMP Crypto: Who Made It to the Top?

The leaderboard ranked wallets based on a time-weighted average of TRUMP token holdings from April 23 to May 12 with the top 220 given VIP access to meet Trump himself at a Gala dinner.

• The “Sun” wallet—widely suspected to be tied to Tron’s Justin Sun—topped the board with more than $19 million in TRUMP. V
• IPs held an average of $4.8 million each during the contest window.
• Some, like “Noah” and “Top,” cashed out early but still held high rankings thanks to the rules favoring early volume over final balance.

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Trump meme coin organizers rolled out a new bribe during the game: limited-run “Diamond Hand” NFTs for anyone holding their position until May 22.

To keep momentum going, the team also launched the Trump Rewards Points Program, which allows holders to rack up redeemable points by linking their wallets.

Controversies and Ethical Questions Hang Over TRUMP Crypto

While the contest undoubtedly generated buzz, it has not been without criticism. Allegations of conflict of interest, price manipulation, and undue influence have surfaced, with some labeling the event as ethically questionable.

Watchdog groups and political critics have accused President Trump of using the meme coin as a self-enrichment scheme, noting that private firms and international investors may have acquired TRUMP tokens to gain influence.

The leaderboard has also raised security concerns, as a Bloomberg report suggested that many of the largest TRUMP token holders are based outside the United States.

Unsurprisingly, the contest’s conclusion has impacted the TRUMP token’s price. Following an initial surge when the dinner was announced, the token has since dropped nearly 11%.

A Polarizing Event in the Crypto Epoch

The TRUMP meme coin dinner contest has been a fascinating mix of community engagement, market incentives, and controversy.

That is pretty much a standard reaction to anything Trump-backed!

It highlights the potential for crypto projects to generate excitement while drawing attention to the ethical and security challenges associated with such initiatives.

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