Trump (Trump), the official memecoin of the US president, was shot after unlocking 40 million tokens.
Runned on April 18th, as reported by Cryptootics Unlock 4% of total supply of the projectthat is, there are currently 240 million playing cards tokens.
This increase in supply could affect the bears on prices if they do not involve proportional demand, which raises questions about the sustainability of the current rebound.
But as expected by Coastash Exchange Platform co-founder Mena Theodorou, the team behind Trump may have planned a strategic move at this critical moment.
And that was what happened during today, April 23rd.
Does that mean the creator of the project and CIC Digital (an entity owned by Trump) have announced it? Memecoin’s 220 main holders will be invited to a gala dinner with the US presidentIt is scheduled for May 22nd.
“President Donald J. Trump is known as “Crypto President.” At this private dinner, he will listen to President Trump and speak in person about the future of cryptocurrency,” he stands out in the announcement.
Additionally, organizers of the event added that 25 great Trump holders will be invited to an exclusive reception before dinner with the president.
The news immediately affected the price of tokens against Solana Red, which became the best weekly performance, with a 66% increase.
At the time of publication of this memo, the Trump price is $13.13 It’s $75 less than the historic largest (ATH) 83%.
To participate in the event, interested individuals must connect their wallets and provide their full name, email and phone number. Then, from April 23rd to May 12th, they must maintain a lot of token playing cards.
The position of the ranking is determined according to the average ownership over this period.
Due to this dynamic, there is a possibility in the next few days Assets experience high volatility at their pricesdriven by both competition among participants and speculation about the event.
Therefore, it is essential that each investor carefully research and analyze it before making a financial decision.
An experience designed to combine politics and cryptocurrency and show in one event.
The truth is that the announcement shows the impact Trump is having on the digital asset market.
This is an issue that is not noticed considering the position it occupys; The decisions you make or announce may support members of your most intimate circle or project.
And here it is important to remember that the maximum supply of Trump has a maximum supply of 1,000 million tokens. It is distributed as follows: Project creators and CIC Digital are 80%, liquidity is 10%, and public distribution is 10%.
Furthermore, it becomes clear that tokens are more tied to Trump’s numbers than fundamental factors. In other words, the problem has not been solved and its usefulness is virtually zero.
For this reason, California Democratic Rep. Maxine Waters; They were requesting that Memecoin Trump be investigated if it is related to possible schemes Pumps and dumps, Groups of people with privileged information (insider) They manipulate prices to make expensive sales and leave a loss to enter at the end.
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