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TRUMP Token $4.8M Dinner Guests Revealed, Plus a New Trump Family BTC Mining Deal
- The top 25 holders of Donald Trump’s personal memecoin, $TRUMP, held an average of US$4.8 million worth of the token for a private dinner with the US president at the Trump National Golf Club.
- The top holder, 'Sun', suspected to be Tron founder Justin Sun, holds around US$18 million worth of $TRUMP.
- A bitcoin mining operation backed by the Trump family will be publicly listed after merging with another miner.
- The top 25 token holders averaged just under US$4.8 million in $TRUMP holdings, with 'Sun' holding over 1.4 million tokens worth US$18 million.
- Only the top 25 $TRUMP holders are considered VIPs, with access to a private reception and special tour with Donald Trump.
- Speculation suggests that 'Sun' is Tron founder, Justin Sun, who is also a significant investor in the Trump family's DeFi project.
- The dinner competition's end led to an 8.7% price drop in $TRUMP, with incentives like NFTs and rewards points to retain investor interest.
- Democratic senators introduced legislation to restrict government officials and families from promoting cryptocurrencies, targeting Trump Administration insiders.
- American Bitcoin Corp., backed by the Trump family, will go public through a merger with Gryphon Digital Mining, expected to trade under ABTC ticker on Nasdaq.
- The merged company will be led by Eric Trump and existing American Bitcoin management, with shareholders expected to own about 98% of the combined entity.
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