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Home » Playing coin dinner based on top holders to include mostly non-Americans
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Playing coin dinner based on top holders to include mostly non-Americans

userBy userMay 18, 2025No Comments3 Mins Read
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Jonathan Laa | nuphoto | Getty Images

With private dinners for President Donald Trump’s top meme coin holders within a week, the leaderboard is effectively flooded with anonymous crypto wallets.

On May 22, Top 220$ Trump holders were invited to dinner with the president at Virginia Golf Clubs outside of Washington, DC, with the event being announced last month and the tally closed Monday night.

The nature of the pseudonymous wallet raises questions about the true identity and motivation of the largest owner of the token who bought a table seat with the US president.

The Blockchain Analytics Firm Inca Digital document, reviewed by the CNBC Show, was reviewed where the top token token holders send and receive tokens. Many are heavily linked to international interactions like Binance, which doesn’t serve US customers. This indicates that you are most likely not a US citizen.

A Bloomberg analysis revealed that 19 of the top 25 wallets are almost certainly owned by individuals operating outside the US.

Justin Sun openly shared that he had purchased the Trump family’s world Liberty Financial Token worth $75 million.

Enlarge the icon aro and point it outwards

Born in China, Sun is a crypto entrepreneur behind the Tron blockchain and is in consultation with the SEC to resolve civil fraud charges.

According to Bloomberg, the wallet, known as Sun, currently owns more than $18 million in Trump, with $4.5 million being purchased after the dinner was announced.

Several reports show that the wallet is tied up by the founder of Tron. Sun’s representatives either did not respond to CNBC’s request for comment or did not confirm whether Sun is the wallet owner.

MemeCore, a Singapore-based Crypto network, has spoken out in its quest to secure a spot at Trump dinner, taking second place with a $18 million investment. An Australian crypto entrepreneur also reportedly made the cut.

The leaderboard refers to the extreme volatility of the token.

Inca Digital told CNBC that 560,376 wallets have been made available with a total of $5.2 billion in Trump tokens, with more numbers (592,962 wallets) losing a total of $3.9 billion.

The numbers highlight the massive transfer of wealth within Trump’s crypto ecosystem. There, early buyers saw a crash while the majority were losing money.

Two major blockchain analytics companies, Chain Olisis and Ellipse, first tracked the $Trump Token movement and transaction fees. However, days after CNBC released a story about the number of crypto wallets that lost money on memecoin, the company said it was too busy with existing clients to continue blockchain analysis of the president’s self-branded meme tokens.

Eric Trump reveals American Bitcoin and brings along his family's growing crypto empire

Senator Richard Blumenthal, a ranking member of the Senate Subcommittee on the Research, warned that the Trump family’s growing crypto holdings could serve as a backdoor to foreign and business interests seeking access to the president.

Freight Technologies, a Houston-based logistics company traded on Nasdaq and with a market capitalization of over $2.3 million, purchased a $2 million worth of Trump token to influence US-Mexico trade policy, according to the release. CEO Javier Selgas described the move as a strategic push for “champion fairs and free trade” across the US-Mexico border.

Cargo technology ended at 250th and missed the dinner cut.

Read more about CNBC Pro’s Tech and Crypto

Eric Trump on Family's Expanding Code Ambitions

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