A few of the high holders of Donald Trump’s memecoin might come out of the shadows to seem for a dinner the US President is planning to host on Could 22.
As of April 23, the official Trump memecoin (TRUMP) web site provided the chance for the “high 220” holders to satisfy the president in individual in Washington, DC. On the time of publication, the visitor checklist for the occasion was unclear, however the undertaking said any tokenholder who utilized needed to cross a background verify, “cannot be from a [Know Your Customer] watchlist nation,” and couldn’t have any extra visitors.
The memecoin, which the then-president-elect launched on Jan. 17 earlier than taking workplace, has been closely criticized by the crypto business and lawmakers for probably permitting overseas officers and curiosity teams to ship cash on to the US President with out correct disclosure and oversight.
The staff behind the undertaking controls 80% of the whole provide, whereas the identities of most of the different high tokenholders are primarily unknown.
The worth of the TRUMP memecoin surged roughly 52% from $9.30 to $14.20 shortly after the dinner announcement. After the token launched on Jan. 17, the undertaking’s market capitalization elevated to roughly $15 billion earlier than dropping 50% by Jan. 20.
This can be a growing story, and additional data might be added because it turns into obtainable.
