Crypto whale invests over $5M in TRUMP token for dinner invite

A cryptocurrency investor has purchased $5.73 million worth of TRUMP (CRYPTO:TRUMP) meme tokens, aiming to secure an invitation to a private dinner with U.S. President Donald Trump.  

Blockchain analyst EmberCN reported that the whale reinvested early profits of $732,000 along with additional funds to acquire approximately 427,000 TRUMP tokens at an average price of $13.40 each.  

Of the total investment, $5 million was withdrawn directly from Binance, with the remainder coming from prior trading gains.  

The TRUMP token’s recent surge follows an announcement that the top 220 holders would be invited to a gala dinner with President Trump on May 22 at his private club near Washington, D.C.  

The top 25 holders will also receive access to a VIP reception and a private tour.  

This announcement sparked a buying frenzy, with the token’s market capitalization rising to around $2.7 billion and trading fees generating nearly $900,000 for Trump’s associates within two days, according to Chainalysis.  

The TRUMP project team clarified that eligibility for the dinner is determined by a time-weighted leaderboard rather than raw holdings displayed on public blockchain explorers.  

They emphasized, “People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating. Instead, you should only be going off the leaderboard.”  

This event has drawn criticism and raised concerns about the ethics of linking investment incentives to access to political figures.  

Nevertheless, the TRUMP token’s unique promotion has driven significant market activity and investor interest in the meme coin.  

The dinner is scheduled for May 22, with the VIP reception and private tour to follow, marking a rare intersection of cryptocurrency and political engagement.

At the time of reporting, the TRUMP price was $0.2028.