The checklist of the highest holders of US President Donald Trump’s memecoin has been finalized forward of background checks to use for a dinner and “VIP tour” with the president on Could 22.
In a Could 12 X submit, the TRUMP memecoin venture said it will cease contemplating extra purchases for a dinner with the president, including that the highest tokenholders had been notified to use for background checks in the event that they wished to attend.
In line with information supplied on the venture’s leaderboard, the highest 220 wallets held greater than 13.7 million tokens as of Could 12, value roughly $174 million on the time of publication.
It’s unclear who, if any, of the pockets holders will select to use for and attend the dinner with Trump, or the “unique reception” anticipated to be within the White Home for the highest 25 holders, on Could 22. A Could 7 Bloomberg report instructed that almost all of tokenholders had been based outside of the United States, resulting in potential safety issues and conflicts of curiosity.
Many US lawmakers and figures within the crypto trade criticized the president for launching the memecoin simply days earlier than taking workplace on Jan. 20. Within the wake of his dinner announcement on April 23, the requires congressional oversight and allegations of corruption have intensified, with one senator calling for Trump’s impeachment and different representatives refusing to consider crypto-related legislation till their issues had been addressed.
Associated: FT report suggests advance knowledge of Melania Trump memecoin launch
Firms additionally apparently looking for affect over Trump’s insurance policies have invested within the memecoin. In April, Freight Applied sciences stated it will make investments $20 million within the token, suggesting that it might have an effect on the president’s commerce warfare between the US and Mexico, the place the agency conducts a few of its enterprise. As of Could 12, the corporate had not introduced whether or not it certified to ship a consultant to the dinner.
Not Trump’s first attraction to crypto customers
Throughout his 2024 marketing campaign, Trump hosted a dinner with supporters who bought his “mugshot” non-fungible tokens, which featured an image of the then-presidential candidate at his give up to authorities on fees he tried to overturn the 2020 election.
Most of the “mugshot” attendees publicly shared their identities on social media forward of and throughout the occasion, however on the time of publication, nobody gave the impression to be claiming they might apply for the memecoin dinner. Wallets with the usernames “Solar” and “elon” have led to hypothesis that Tron founder Justin Solar and Tesla CEO Elon Musk — each Trump supporters who’ve monetary pursuits tied to Trump’s presidency — could possibly be among the many attendees.
Journal: Trump’s crypto ventures raise conflict of interest, insider trading questions
