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Trump's memecoin dinner contest earns insiders $900,000 in two days | The coin’s value jumped more than 50% after its website said Trump would have dinner with the top 200 holders.
The coin’s value jumped more than 50% after its website said Trump would have dinner with the top 200 holders.
Lockups like these are meant to protect investors by preventing insiders from cashing out all at once — a scheme commonly known in the crypto world as a “rug pull.” Vesting schedules aim to give retail buyers confidence that early holders won’t overwhelm the market and tank the token’s value. Molly White, an independent crypto researcher, told NBC News that the leaderboard only shows top $TRUMP holders — and then only by their chosen screen name, making it difficult to identify who is paying to potentially join the dinner. Schiff and Warren have cited public reports showing that some $TRUMP investors have ties to foreign exchanges or received funds from crypto platforms banned in the U.S., including Binance.
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