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The Financial Times analysis revealed that merchants who won a ticket with Donald Trump by entering a competition to buy large sums from Mimikoin for the president have made millions of dollars in profits.
The competition, announced on April 23, offered to people with the largest amounts of $ Trump Memecoin on a specific window in public Encryption wallet. The competition helped pay the price of the distinctive code from $ 9.26 to $ 15.33 when it was announced.
Many merchants began moving the distinctive symbols from their governor, as the window was closed on May 12, and their place was confirmed at the dinner party at the Trump National Golf Club in Virginia – although the competition site urged “to keep it great.
FT determined that 16 out of 25 of the winning “VIP” accounts, which were granted seats in an “unforgettable dinner party with the president” in addition to “an exclusive reception … with your favorite president” and a tour of the dignitaries, there are now no Trump currencies in their public governorates. The event is scheduled to be held on May 22.
Trump Crypto has made a large part of its second presidency, as its management aims to reduce the rules of digital assets and enhance growth in this industry. His family also participates in a wide range of encryption projects.
Trump’s symbols have no other purpose that goes beyond being a way to speculate. Account owners do not know, although each of them gave their wallet a short title on Coin.
Of the 25 VIPs, only 22 began to accumulate $ Trump after announcing the competition. Among them, five were sold at a time when they have achieved profits from participating in the competition. FT estimates that these gains may range from about $ 52,000 for an account known as “Nach” to $ 2.6 million, which are likely to be “Woo”.
It is not possible to prove whether all of the transport operations inside and outside the governor are sales or the price that has been sold. But FT has estimated the market costs to collect and sell this portfolio by assuming the transactions that involve the governor at the market prices from the time of transportation.
The account known as “Woo” put codes of $ 1 million in a wallet just a few days before the competition was closed when it was worth $ 10.8 million. Then he got rid of them when it was worth $ 13.3 million, allowing a possible profit of $ 2.6 million.
On the contrary, the account known as “GANT”, which also filled a portfolio only during the competition period and then gets rid of holdings after that, may have spent about one million dollars to win their day.
Three of the best 25 accounts were holders of $ Trump before the competition launch. One of them, “OGLE”, has achieved $ 4 million from the trading of $ Trump, but its victories were before the announcement of dinner.
Another, named “Sun”, acquired 1 million symbols before competition. This included the purchase of one of 800,000 coins when it was priced at $ 61.13 – much higher than the current level of $ 12.96. At the current prices, the owner of this account may have a loss of $ 66 million.
However, as the largest carrier of the Trump $ currency during the competition period, the SUN owner will be one of the four interior Free watch.
It has been widely predicted in the encryption community that the Sun account is linked to Justin Sun, a Chinese encryption investor who also put $ 75 million in World Liberty Financial, a non -relevant Trump’s encrypted company. In addition to the account name that connects the sun with the account, the wallet is connected to HTX, where it works as a consultant.
Sun refused to confirm FT if his account.
In addition to 25 VIP winners, 195 other people won the right to attend the “party dinner”. FT analysis shows that 56 of these winners of the competition emptied the governor they presented as part of their entry.
Trump did not respond to the request for comment.
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