Trump to Dine With TRUMP Token Whales—Is This Web3 or Just Old-School Politics?
- Trump to host dinner for 220 elite TRUMP token holders.
- A $5M token buy before the announcement sparks insider talk.
- One trader missed a $4.5M gain by selling 30 minutes too early.
Donald Trump’s crypto rendezvous never fails to surprise, and this one feels more like a calculated power move. The U.S. President is set to meet 220 top holders of the TRUMP token, in an exclusive dinner invite planned for May 22 in Washington.
Entry requires holding 28K TRUMP (~$380k); the top 25 holders also get a reception and VIP White House tour. Many view this as a calculated power move.
Whale Buy Precedes News, Sparks Questions
Known for never being blindsided, Trump’s move is seen as a confluence of Web3 incentives with old-school political access. The announcement also stirred speculation of insider dealings after a $5 million TRUMP token buy occurred just hours before the event went public.
Arkham data indicates this whale used 5M USDC to buy 407k TRUMP at $12.27, netting over $730k in paper profits when the token surged 30% post-announcement. Meanwhile, another large holder reportedly sold minutes too early, missing a potential $4.5M gain.
Related: $T…
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Trump to Dine With TRUMP Token Whales—Is This Web3 or Just Old-School Politics?
- Trump to host dinner for 220 elite TRUMP token holders.
- A $5M token buy before the announcement sparks insider talk.
- One trader missed a $4.5M gain by selling 30 minutes too early.
Donald Trump’s crypto rendezvous never fails to surprise, and this one feels more like a calculated power move. The U.S. President is set to meet 220 top holders of the TRUMP token, in an exclusive dinner invite planned for May 22 in Washington.
Entry requires holding 28K TRUMP (~$380k); the top 25 holders also get a reception and VIP White House tour. Many view this as a calculated power move.
Whale Buy Precedes News, Sparks Questions
Known for never being blindsided, Trump’s move is seen as a confluence of Web3 incentives with old-school political access. The announcement also stirred speculation of insider dealings after a $5 million TRUMP token buy occurred just hours before the event went public.
Arkham data indicates this whale used 5M USDC to buy 407k TRUMP at $12.27, netting over $730k in paper profits when the token surged 30% post-announcement. Meanwhile, another large holder reportedly sold minutes too early, missing a potential $4.5M gain.
Related: $T…
The post Trump to Dine With TRUMP Token Whales—Is This Web3 or Just Old-School Politics? appeared first on Coin Edition.
Read More
Bitcoin Eyes $250K as Arthur Hayes Links Rally to Trump Fed Takeover