Investors who bought Memecoin Trump, created by the US President in January this year, saw their money evaporate. Cryptocurrency has plummeted about 80% since it registered its peak US$ 73 After the launch, leaving most investors at the loss.
Despite the fall, the 220 largest buyers of the token won a “consolation award”: the Dinner Right with Donald Trump Next Thursday (22), one day, and to take a tour of the White House. The 25 people with more crypts will still be able to participate in a VIP cocktail with the controversial US president.
“Have a dinner with President Donald Trump. It’s the world’s most exclusive invitation,” says the event’s website.
Possible dinner candidates
Dinner may have some very unusual guests, starting with the Chinese businessman Justin SunFounder of Blockchain Ton (). He became known worldwide last year for-and then eat it.
It is speculated that a named “Sun”-with 1.4 million tokens valued at $ 19 million, according to data collected by the Portal Decrypt-belongs to Cooperativeone with strong ties with Justin. THE The Wall Street Journal e o The New York Times They went after Sun and the broker to comment, but none of them answered.
Sunwhich was the target of a fraud process of the US Securities Commission (SEC) -closed in February this year – US $ 75 million In another crypto venture of Trump, the Liberty Financial World, according to the WSJ.
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Another possible candidate for dinner is the staff of MemeCorea Singapore startup that develops a platform for memecoins creators. Your wallet has US $ 17.4 million in presidential cryptos. THE Cherry HsuBusiness Development Director told WSJ that the goal is to go to dinner to strengthen.
Another guest is the cybersecurity expert known for the pseudonym “Ogle”, World Liberty Financial advisor, which has $ 3.1 million in Trump. He usually appears in videos with a scarf and sunglasseshiding your face. He says he needs to keep anonymity to protect himself from virtual criminals.
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”More corrupt act”
Government’s inspection organizations and democratic parliamentarians criticized dinner and the crypto projects of the US President. According to them, the event may violate federal rules that prohibit the receipt of gifts by authorities, as well as allowing foreigners anonymous to buy access to the president.
“It’s an ethical nightmare,” he said Norm ironformer special counselor of the White House for ethics and government reform in the Obama government for the WSJ. The Accountable.us surveillance group said Trump’s crypto contract “opens the door to purchase access to the president, while enriching affiliates.”
Democratic Senator Richard Blumenthal has opened an investigation to verify that Trump digital assets ventures violate the government’s ethical requirements, while Democratic senators Chris Murphy and Jeff Merkley have presented bills to ban presidents and congressmen profit from Reuters according to Reuters.
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“Trump’s Memecoin is the most corrupt act ever committed by a president,” Senator Murphy told the news agency.
In a recent interview with NBC NewsTrump denied being making money from cryptocurrency. “I’m not profitable with anything, he said.“ If I do a good job and the market climb, I think this is a profit, ”he added.
63% high in the month
Even away from its peak, Trump rose from $ 7.95 a month ago to $ 13 on the morning of Friday (16), an appreciation of 63%, according to coinmarketcap data. Part of this rise would be related precisely to dinner and other events promoted by Trump.
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Experts warn that investing in Trump’s token is highly risky, given its speculative character, extreme volatility and strong political association, which creates a relationship between risk and very asymmetrical return.
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