Roughly 764,000 wallets that bought President Trump’s meme coin are currently at a loss, according to Chainalysis data reported by CNBC. Chainalysis reported that about 2 million wallets have invested in Trump's token. Of those, 58 wallets earned over $10 million each, contributing to approximately $1.1 billion in total gains. Interest in the coin surged over 50% after its website offered the top 220 holders a dinner with the president on May 22nd, including a reception for the 25 largest wallets and a White House tour. The coin surged after promising a private dinner with Trump to its top holders, briefly pushing its market cap to $2.7 billion before dropping back to $2.17 billion.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Roughly 764,000 wallets that bought President Trump's meme coin are currently at a loss
00:07according to Chainalysis data reported by CNBC. Chainalysis reported that about 2 million wallets
00:12have invested in Trump's token. Of those, 58 wallets earned over $10 million each,
00:17attributed to approximately $1.1 billion in total gains.
00:21Interests of the coin surged over 50% after its website offered the top 220 holders a dinner with
00:26the President on May 22nd, putting a reception for the 25 largest wallets at a White House tour.
00:32Coin surged after promising a private dinner with Trump to its top holders,
00:35briefly pushing its market cap to $2.7 billion. We're dropping back to $2.17 billion.
00:41For all things money, visit Benzinga.com slash GSTV.