Among 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 Might 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 listing for the occasion was unclear, however the undertaking acknowledged any tokenholder who utilized needed to go a background test, “can’t be from a [Know Your Customer] watchlist nation,” and couldn’t have any further company.
The memecoin, which the then-president-elect launched on Jan. 17 earlier than taking workplace, has been heavily criticized by the crypto industry and lawmakers for doubtlessly permitting overseas officers and curiosity teams to ship cash on to the US President with out correct disclosure and oversight.
The crew behind the undertaking controls 80% of the full provide, whereas the identities of most of the different high tokenholders are primarily unknown.
The value 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 creating story, and additional info might be added because it turns into out there.
