Crypto trader loses $2.8m in an hour chasing TRUMP dinner
A cryptocurrency trader has suffered a $2.8 million loss following a transaction involving Official Trump (TRUMP) within an hour.
finbold.com
TL;DR: A crypto trader known as MemeCore scooped up 1.39 million TRUMP tokens (about $17.8 million) from Binance hoping it’d nab them a seat at Donald Trump’s exclusive gala on May 22—but watched their position crater by $2.8 million in under an hour. TRUMP’s price slid over 5% in 24 hours (and 22% for the week), even as whales rush to rank among the top 220 holders to score big perks.
Meanwhile, not everyone lost out: one savvy whale swapped 1.18 million Fartcoin for 78,671 TRUMP tokens and pocketed roughly $669,000 in under a day. Since its Jan 17 launch, TRUMP’s been a rollercoaster—mostly tracking broader market moves but spiking (and then dipping) on all the dinner-chase hype.
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