Trump’s Memcoin winners get rid of their coins

Next week, a cryptocurrency kitten will share an extravagant dinner with US President Donald Trump at his golf club in Washington, Colombia County. They won their places at dinner from Buying large quantities of Trump’s personal cryptocurrencyS But since their seats were confirmed on Monday, almost half got rid of their possessions, whether they sell the coins or transfer them to various portfolios, cable analysis shows.

The team behind the Trump coin announced the dinner A competition on April 23, promising to invite the first 220 owners to have dinner with the president. Meanwhile, the top 25 will qualify for a double exclusive tour and admission of predictors, The website is explainedS

The organizers chose those present based on who bought Trump most and keep their coins for the longest between the date of announcement and May 12. Although several of the winners have identified themselves publicly – as SheldonFounder of Crypto Exchange Bitmart – Most are hidden behind the chart names and album -numeric crypto portfolios.

In order to ask for a place for dinner, investors had to buy at least 4196 units of Trump’s coin worth about $ 54,000 at the time of writing. In order to qualify for the acceptance, the Vice held an average of about 325,000 Trump coins, worth approximately $ 4.2 million.

During writing, 100 out of 220 participants have virtually removed their entire Trump script, including 17 of the 25 VIPs. A VIP that goes from the username seems to have made a $ 2.5 million profit in their Trump possessions that they are Delivered to Crypto Exchange Binance On Wednesday, probably with the intention of selling it.

Although the attendees seem to be impatient to the public with Trump, their commercial activities, as the deadline for competition seems to be a low sentence in the long -term potential of the president’s coin as an investment asset. Trump’s representatives did not immediately respond to a request for comment.

This mood seems to be widely shared among complex cryptocurrencies. As of Friday, only nine intelligent money traders – which means that those with strong profitability – are invested in the Trump coin, according to the analysis of Nikolai Sondergaard, an analyst of research at Blockchain Analytics Company Nansen.

After dinner was first announced, analysts fears Around the potential decline in the price after confirming the dinner spaces caused by sale among investors whose immediate incentive to hold the coin has evaporated.

On May 12, the day of the race deadline, the organizers tried to encourage qualified participants to stick to their coins, probably in an attempt to avoid sale. All those present who arrived at dinner with so many Trump units as they took place at the end of the competition, the organizers Declared on xIt will be rewarded with “very special and rare” NFT. They also annoyed the Rewards Points program whose details have not yet been disclosed.