Crypto Whale Loses $2.8M on TRUMP Token Bet for Trump Dinner Access
A crypto trader lost $2.8 million just hours after buying 1.39 million TRUMP tokens in an attempt to secure a spot at an exclusive dinner with former President Donald Trump. The event, scheduled for May 2025, requires holders to maintain a top-220 position in the token’s leaderboard. The trader’s $17.8 million position quickly collapsed due to extreme market volatility.
The TRUMP token spiked 70% following the dinner announcement as speculators rushed to climb the rankings. This incident highlights the risks of event-driven crypto speculation, where tokens linked to celebrity perks can experience wild price swings based on short-term demand surges.