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The Guardian - US

World

Niamh Rowe

Trump to host dinner for top holders of his crypto token – although many lost money with it

Donald Trump Crypto James Angel Justin Sun Chainalysis blockchain Cryptocurrency Georgetown University SEC

a man in a blue suit speaks while seated — Donald Trump speaks at the White House on Wednesday. Photograph: Jim Lo Scalzo/EPA

Donald Trump will host the top holders of his cryptocurrency at a gala tonight at his private golf club near Washington DC. Though the president has called the $Trump token “The Greatest of them all!!!!!!!!!!!!!!!!”, nearly half the gala’s guests suffered losses from purchasing it, according to a Guardian analysis of their public cryptocurrency wallets.

The attendees are winners of the US president’s meme coin competition. Last month, Trump announced that the 220 crypto wallets with the largest holdings of $Trump between 23 April and 12 May would win a ticket to a private dinner at the Trump National golf club. The top 25 holders would also be invited to a “Private VIP Reception” with the president beforehand. The news caused the coin to spike more than 50%.

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