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The Real Winners of the Trump Memecoin Feeding Frenzy
Donald Trump will attend a dinner with the largest holders of his own-brand crypto coin, sending its price through the roof. But the real profits have already been made just out of view.
On Wednesday, the team behind the official Donald Trump memecoin sparked a trading frenzy after announcing that the investors who held the largest amount of the crypto coin in the coming weeks would be invited to a gala dinner attended by the US president. When Trump announced his memecoin in January, the two organizations funneled 10 percent of the total supply into a so-called liquidity pool, the purpose of which is to ensure the asset can be traded freely. The largest holders that have put themselves forward for the dinner are listed in a leaderboard on the TRUMP coin website, but their identities are concealed behind alphanumeric crypto wallet addresses.
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