The winners of Trump Memecoin dinner get rid of their coins

Next week, the dominance of cryptographic investors will share with an extravagant dinner with US President Donald Trump at their golf club in Washington, they won places at dinner, buying a immense amount of personal cryptographic coin of Trump. But because their places were confirmed on Monday, almost half got rid of their resources, whether, selling coins or moving them to different wallets, shows wired analysis.

The team behind the Trump coin announced the dinner competition on April 23, promising to invite 220 holders to eat next to the president. Meanwhile, the 25 best would qualify for a double exclusive trip and admission before dinner, The website was explained.

The organizers chose participants based on the one who bought the most Trump and maintained their coins for the longest time between the date of the announcement and May 12. Although several winners were identified in public – like Sheldon XiaThe founder of Crypto Exchange Bitmart – the identities of the majority are hidden behind the names of user and alphanumeric addresses of the cryptographic portfolio.

To get space for dinner, investors had to buy at least 4196 Trump coin units, worth about USD 54,000 at the time of writing. To qualify for acceptance, VIP had an average of about 325,000 Trump coins, worth about $ 4.2 million.

At the time of writing, 100 out of 220 participants deprived of virtually all of their Trump supplies, including 17 out of 25 VIP. One VIP seems to go through the username Delivered to Binance Exchange Crypto Exchange On Wednesday, probably with the intention of selling.

Although participants seem to be willing audience with Trump, their commercial activities, because the date of competition seems to suggest a low belief in the long -term potential of the president’s coin as investment assets. Trump’s representatives did not answer immediately at the request for comment.

This sentiment seems to be widely divided among sophisticated cryptographic investors. According to the analysis of Nicolai Søndergaard, research analytics at Blockchain Analytics Company Analytics Company from Blockchain Analytics Company Analytics, on Friday only nine Sharp Money traders – which means people with sturdy profitability – is invested in the coins of Trump.

After announcing dinner for the first time, the analysts expressed concerns about the potential price drop after confirmation of the space for dinner, caused by the sale among investors, whose immediate encouragement to store the coin evaporated.

On May 12, on the day of the competition, the organizers tried to encourage qualifying participants to hold their coins, probably to avoid sales. Every participants who came to dinner with so many Trump units, how much at the end of the competition, the organizers Announced on xIt will be awarded “very special and rare” NFT. There were also a “prize point program”, the details of which have not yet been disclosed.