Get the latest tech news
The Trump Memecoin Dinner Winners Are Getting Rid of Their Coins
Many of the crypto investors preparing to attend an exclusive gala dinner with US president Donald Trump have offloaded the coins that won them their seats.
The team behind the TRUMP coin announced the dinner competition on April 23, promising to invite the top 220 holders to dine alongside the president. One VIP, going by the username Woo, appears to have made a $2.5 million profit on their TRUMP holdings, which they delivered to crypto exchange Binance on Wednesday, presumably with the intention to sell. As of Friday, only nine smart money traders—meaning those with a strong track record of profitability—are invested in the TRUMP coin, according to analysis by Nicolai Søndergaard, research analyst at blockchain analytics company Nansen.
Or read this on Wired