Whale Gambles Big on Trump Dinner – and Loses Millions
08.05.2025 10:00 1 min. read Alexander Stefanov
A cryptocurrency trader reportedly lost $2.8 million in an hour after purchasing 1.39 million TRUMP tokens, aiming to secure a spot at an exclusive gala dinner with President Donald Trump.
The event, scheduled for May 22, 2025, is open to the top 220 TRUMP token holders, with additional perks for the top 25.
The trader’s investment, valued at $17.8 million, plummeted shortly after the transaction, highlighting the risks associated with speculative investments tied to high-profile events.
Following the announcement of the dinner, the TRUMP token experienced a significant surge, with its value increasing by over 70%.
This surge was driven by investors aiming to climb the leaderboard and secure an invitation.
However, the token’s price has since seen volatility, emphasizing the unpredictable nature of such investments.
While some traders have profited from the token’s fluctuations, others have faced substantial losses.
The incident underscores the importance of due diligence and caution when investing in assets influenced by celebrity endorsements or exclusive events.
-
1
Bithumb Splits Business as It Eyes Late 2025 IPO
23.04.2025 9:00 1 min. read -
2
Decentralized Protocols Dominate Crypto Lending by End of 2024
15.04.2025 19:00 2 min. read -
3
BlackRock Reports Strong Q1 as Digital Assets Gain Ground Amid Broader ETF Growth
12.04.2025 8:00 2 min. read -
4
OKX Re-Enters U.S. Market After $500M Legal Settlement
17.04.2025 20:00 2 min. read -
5
Hidden Road Secures U.S. Broker-Dealer License Following Ripple Acquisition
18.04.2025 14:00 2 min. read
Binance Founder Calls U.S. Prison ‘Terrifying,’ Shares Life Lessons
Binance founder Changpeng Zhao has broken his silence about his time behind bars, describing the four months he spent in a U.S. prison as one of the most unsettling and eye-opening periods of his life. Speaking in a recent interview with Rug Radio, Zhao recounted the emotional and psychological toll of incarceration. Lacking U.S. citizenship […]
eToro Targets $4B Valuation With Planned Nasdaq Debut
Israeli trading platform eToro is preparing to go public in the U.S., aiming for a valuation of up to $4 billion as it moves to list shares on the Nasdaq under the ticker “ETOR.”
S&P 500 Flashes Rare Pattern, But Market Signals Remain Divided
April brought an unusual twist to the U.S. stock market. The S&P 500 plummeted more than 10% during the month, only to rebound and close within 2% of where it began.
Trump Ties Crypto to U.S. Power Play as Digital Assets Take Center Stage
Cryptocurrency may have existed long before Donald Trump returned to the White House, but under his leadership, digital assets have gone from a fringe technology to a central pillar of U.S. economic strategy.
-
1
Bithumb Splits Business as It Eyes Late 2025 IPO
23.04.2025 9:00 1 min. read -
2
Decentralized Protocols Dominate Crypto Lending by End of 2024
15.04.2025 19:00 2 min. read -
3
BlackRock Reports Strong Q1 as Digital Assets Gain Ground Amid Broader ETF Growth
12.04.2025 8:00 2 min. read -
4
OKX Re-Enters U.S. Market After $500M Legal Settlement
17.04.2025 20:00 2 min. read -
5
Hidden Road Secures U.S. Broker-Dealer License Following Ripple Acquisition
18.04.2025 14:00 2 min. read