Investors who purchased Trump's crypto coin for a chance to dine with him at his golf club are now divesting their holdings. Initially, to qualify for the dinner, they had to buy significant amounts of the TRUMP coin, with 220 attendees chosen based on their holdings. However, reports indicate that nearly half of the winners have sold most of their cryptocurrencies, including 17 out of 25 VIPs. This behavior reflects a lack of faith in the coin's long-term prospects, raising questions about the motives behind their initial investment.
At the time of writing, 100 of the 220 attendees have done away with practically their entire TRUMP stash, including 17 of the 25 VIPs.
To qualify for the reception, the VIPs held around 325,000 TRUMP coins on average, worth roughly $4.2 million.
Although a few of the winners have identified themselves publicly, the identities of most are concealed behind leaderboard usernames and alphanumeric crypto wallet addresses.
Their trading activities since the competition deadline imply a low conviction in the long-term potential of the president's coin as an investment asset.
Collection
[
|
...
]