The Trump crypto dinner is highly exclusive, reportedly attracting elite investors with tickets costing up to 53,500 USD. This event has sparked much debate, particularly concerning the influence of foreign investors in the meme coin market.
Price drops for $TRUMP have resulted in major losses for significant holders, totaling 65.5 million USD in losses for Justin Sun alone. This highlights the financial turbulence faced by early investors in the meme coin.
Political reactions to the dinner could stall initiatives like the GENIUS Act, aimed at regulating stablecoins, amid allegations of corruption associated with Trump’s financial dealings in the crypto space.
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