The Trump Memecoin Dinner Winners Are Getting Rid of Their Coins

image via WIRED

May 16, 2025, 4:45 PM

• •Crypto investors who won seats at a dinner with Donald Trump by purchasing his crypto coin are selling off their holdings.
• •The competition required large purchases of the TRUMP coin, with VIPs holding significant amounts.
• •Many attendees, including VIPs, have sold their coins, suggesting a lack of long-term investment conviction.
• •Despite the sell-off, the coin's price has only slightly declined, possibly due to future perks or access.

A group of crypto investors who won the opportunity to dine with Donald Trump by purchasing his TRUMP coin are selling off their holdings, according to a WIRED analysis. The competition required investors to buy significant amounts of the coin, with the top holders qualifying for a special dinner and pre-reception. Despite the incentive of meeting Trump, many attendees, including VIPs, have sold their coins, suggesting a lack of confidence in the coin's long-term value. The coin's price has only slightly decreased, potentially due to expectations of future benefits.

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