Some Winners in Contest Sold All Their Trump Coins
- A contest ended Monday to award dinner invitations with President Trump to the top holders of the $TRUMP memecoin.
- The contest judged winners by their average coin holdings over three weeks, allowing some to sell all $TRUMP coins before the end.
- At least 17 of 220 winners held zero coins at contest close, while the coin price fell 6.5% after winner announcements amid a trading surge starting April 23.
- Contest winners held $182 million worth of $TRUMP tokens but had spent $191 million acquiring them, while Donald Trump and his associates collectively possess 800 million coins and have earned at least $320 million in transaction fees.
- The contest drew bipartisan criticism and calls for ethics investigations, with potential implications for banning officials from profiting from crypto sales.
2 Articles
2 Articles
Some Winners in Contest Sold All Their Trump Coins
New York Times: "As the unusual contest came to a close on Monday, at least 17 of the 220 winning bidders had figured out a way to effectively outsmart the sponsors of the contest.""These crypto investors had secured an invitation to the dinner even though their online wallets showed that they hel
Some Bidders in Trump’s Contest Sold All Their Digital Coins but Still Won
President Trump and his business partners promoted it as the world’s most “EXCLUSIVE INVITATION” — a dinner with the president of the United States for the cryptocurrency investors who bought the most of his family’s memecoin, called $TRUMP. But as the unusual contest came to a close on Monday, at least 17 of the 220 winning bidders had figured out a way to effectively outsmart the sponsors of the contest. These crypto investors had secured an i…
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