President Trump’s predicted gala dinner at the Virginia Golf Club, just outside Washington, DC, will soon attract 220 Trump token owners. It is widely believed that many attendees will come from other countries, and Tron founder Justin Sun has been confirmed to be the head of the leaderboard.
Beincrypto compiled a list of confirmed interim participants, analyzed chain reports from research firms Nansen and Cryptoquant, and assessed the long-term implications of the event’s conclusions on Trump’s price performance.
Inside the Trump Dinner Gala
Tomorrow, 220 top Trump holders will arrive at Trump’s Virginia Golf Club, just outside Washington, D.C., for an exclusive dinner with the president who paid millions of dollars to participate.
Of these, 25 will be attending in person after patrolling the White House alone.
Although most wallets are pseudonyms, some reports show that most attendees are linked to international interactions that do not serve US users, suggesting that they are based outside of the US.
Other attendees have already confirmed their support in social media posts.
Top spots on the leaderboard: Justin San
Tron founder Justin Sun took first place on the Leadership Committee by pouring around $16 million into the Trump Token and exceeding 1,430,000 in his total holdings. Sun confirmed his attendance at the X Post, adding that dinner offers an important opportunity to connect with a variety of leaders.
Apart from investing in Trump Meme coins, Sun previously poured $75 million into World Liberty Financial.
In 2023, the US Securities and Exchange Commission (SEC) provided Sun with market manipulation and unregistered securities.
Regulators have sought various injunctions against him that would have largely prevented him from continuing crypto-related activities within the United States.
MemeCore: 2nd place candidate
Singapore-based Crypto Network Memecore secured second place by investing $18.6 million in 1,400,000 Trump coins. The network has spoken out on social media about its support for President Trump.
The company, which defends meme coins and online culture, has repeatedly stated its intention to secure a top spot on the leaderboard. They also encouraged individuals to donate Trump Coins to the campaign, offering bonuses to those who do so.
The list continues.
Crypto Detectives Between Top Holders
Ogle is a pseudonymous code detective who has dedicated his time to recover millions of dollars worth of stolen funds, securing 22nd place. HW has previously expressed his support for Trump on his social media. Ogle also joined World Liberty Financial in September 2024 as an advisor.
According to the leaderboard, Ogle holds over 250,000 Trump meme coins, worth more than $3 million. On May 12, when the contest ended, he confirmed on social media that he was among the top 25 owners.
Speculation about unconfirmed guests
While most wallet owners remain unidentified, there has been much debate about the wallet names that appear on the leaderboard. All across social media, users speculate that one wallet identified as “Elon” refers to Tesla founder Elon Musk.
In a virtual interview at the Qatar Economic Forum yesterday, Musk revealed that he will have dinner in Washington, D.C. with the president later this week. It remains unclear whether he was referring to the gala dinner and has not been confirmed by Tesla CEO.
Users also pointed out a wallet named “MSTR,” suggesting that the owner may be representative of Bitcoin Behemoth MicroStrategy. However, these claims remain rumors.
Other reports suggest that Australian crypto entrepreneur Kane Warwick may also be one of the Trump owners eligible for dinner tomorrow night.
Warwick previously expressed his desire to meet Trump in an interview, admitting in January that he bought a considerable amount of Trump shortly after its release.
“Wick” is one of the wallet names that appeared on the Top 220 list. However, Warwick has not made any public claims regarding his attendance.
Aside from the plot against dinner guests, the data shows that Trump’s value is consistently responding to major news.
How will the major announcements affect Trump prices?
Trump Price Action Prices since its launch at the beginning of the year were primarily event-driven.
To date, the two most important events that have driven Memecoin to its newest best were Trump’s inauguration and the announcement of the gala dinner. Trump’s prices crashed following a controversial announcement related to his trade policy.
“For example, token trading volume surged to $530 million when it was announced on May 12. Before that, trading volume was driven by the announcement of a suspension of Trump tariffs.
Despite the mass of speculative transactions, Trump memecoin generally suggests that it caused more losses than the profits of those involved.
The harsh reality: Are there more losers than winners?
According to a data analysis by research firm Nansen, the approximately 20 million Trump tokens worth around $280 million have moved to digital wallets that have held at least 10 Trump tokens since their announcement. Meanwhile, the outflow reached around $109 million, indicating a surge in speculative trading.
However, the data draws harsh pictures. Despite more than 2,600 traders taking part, 70% have lost, with a total loss since the announcement exceeded $21 million, far exceeding profits.
“With most participants now, Trump dinner gambling has proven that even if the attention-raising incentives drive short-term demand, it’s costly for many,” read the analysis of Nansen researcher Nikolai Sondergado.
With the contest finished and dinner imminent, Trump prices remain extremely sensitive to the president’s future announcements.
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