VIP investors with TOP and IVO user names sold 200,000 (worth almost 2.7 million dollars) and 427,568 (worth almost 5.7 million dollars) before the deadline, respectively.
Trump announced for the first time his crypto piece on January 17, three days before its inauguration in 2025. He presented it as a same, a type of part used almost exclusively for financial speculation. Because even the same generates income or any underlying commercial model, their price tends to fluctuate wildly with fluctuations in the feeling of the public towards the person, the same or the concept on which they are based.
In the days following the start of trade, the 20% of Trump’s parts were released in traffic reached a value at $ 14 billion. On paper, Trump’s net value had increased tens of billions of dollars almost overnight.
The value of the part has since dropped by more than 80% of its peak. But when Trump announced dinner on April 23, it prompted another commercial frenzy, causing an increase in the price of the same. As market intermediaries, Fight Fight Fight and CIC Digital have probably won hundreds of thousands of dollars in negotiation costs.
Since the launch, criticism has thrown the Trump even as a “money grab” contrary to ethics – an abuse of Trump’s office for the concern of self -enrichment. They also expressed their concern that the part could be used to discreetly transfer the wealth to the Trump family. By making a significant investment and increasing the price of the medal, foreign powers and other politically motivated actors could try to arouse the president’s favor, the argument goes.
By establishing an explicit quid -quo -quo – a significant investment in exchange for access to Trump – dinner has rekindled these fears. “He gives the public people who buy the same who enriches him directly,” said Democratic Senator Jon Ossoff in a City Hall meeting April 25.
The identities of investors who won a seat at the gala dinner are largely unknown. The biggest holders include investors according to Woo, Rekt, Glove and Case user names. The White House and the event organizers did not respond when they were asked if the list of participants would be made public.
However, other investors have chosen to reveal their identity, entering competition as a brand opportunity. The holder of second place, Meco or “same”, asked users on x To send $ Trump to their portfolio to increase their classification, promising a full refund at the end of the competition. “See you soon at Trump’s gala”, ” added Rudy Rong, director of business development at Memecore, who comes from a billionaire Chinese family.
In Congress, Democratic legislators try to pass on legislation that would prevent elected officials from freeing their own same, to compensate for the risk that these documents can facilitate corruption or open the door to foreign influences. Although the Even act A little chance of being registered due to the republican majority of the congress and the force of taking Trump on his party, he signals an increasing dissatisfaction on the president’s implications in cryptocurrency.
“He provides a coat for the payments of bad players to elected officials and their families,” said Wired, a member of the Democrat Congress, Sam Liccardo, who presented the Mesmes Act. “The fact is that those who benefit from it may include individuals who do not at heart the higher interests of America.”
