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Trump Memecoin Dinner: How One Trader Scored a Seat for Just $1,200?
Key Insights
According to recent reports, a crypto enthusiast and his friends have landed a ticket to the exclusive dinner with former U.S. President Donald Trump.
Not for the average $54,000 that initially made the rounds on the internet. Instead, all it cost was some clever trading and a relatively meager $1,200 in fees.
The event, which is designed as a reward for top holders of Trump’s official memecoin has stirred controversy and political backlash.
However, for Danish entrepreneur Morten Christensen, it is a major opportunity. Here is why.
The Road to Trump's Dinner
Morten Christensen, founder of AirdropAlert.com and four of his friends decided to enter the leaderboard competition for Trump’s gala.
According to the initial announcement from the official Trump handle, investors only had to become one of the top 220 wallets holding the $TRUMP token over a three-week period.
Winners would be granted access to a dinner with Trump himself on 22 May, held at the Trump National Golf Club in Potomac Falls, Virginia.
At first glance, to become one of the 220 holders of the token, investors had to hold more than $54,000 worth of Trump tokens over the tracking period.
This requirement looked too steep, and Christensen found a workaround.
The entrepreneur and his group didn’t just hold the token they did something interesting with it.
They bought the coin and simultaneously shorted it in equal value.
Once the leaderboard contest ended, they sold the tokens and closed their short positions.
Interestingly, the cost of this maneuver was just $1,200 per person in trading fees.
“I didn’t even think it was possible to meet the president of the United States,” said the 39-year-old from Mexico. “We figured it won’t cost us that much to compete, we gave it a shot, and we made it.”
How The Deal Worked?
Christensen was an early buyer of the Trump token and purchased his first batch just one hour after it launched in January.
He quickly flipped it that same weekend for nearly 30 times his initial investment, and reportedly made several hundred thousand dollars.
The token surged to a market cap of nearly $15 billion at its peak before falling to around $2.7 billion as of mid-May, according to CoinMarketCap.
When the dinner was announced, Christensen initially ignored it and assumed the competition would be out of reach.
However, just over a week before the deadline, he noticed that getting into the top 220 might not be as expensive as he thought.
His group developed a software tool to track wallet movements on the leaderboard and identify the amount needed to qualify.
By the final weekend, Christensen was holding approximately $250,000 in Trump tokens, just to ensure he’d stay in the safe zone as large buyers entered the competition.
Eventually, Christensen secured the 188th spot on the leaderboard under the username “aird.”
On Monday, he received confirmation of his seat at the event and promptly completed a security form. His flight is already booked.
“It’s more like a fun trip with your friends to meet the president,” he said. “If we’ll get to meet Barron, it will be amazing.”
A Political Tug Of War
While the dinner may be a dream come true for Christensen and others in the crypto community, it has also become a lightning rod for criticism.
So far, Democratic Senators Elizabeth Warren and Adam Schiff have called for a federal ethics investigation.
Both have referred to the dinner event as a “pay-to-play” scheme that opens the door to “corruption and foreign influence.”
Their concern stems from the fact that many of the top memecoin traders are not U.S. citizens.
The controversy has already had ripple effects on Capitol Hill, where Democratic lawmakers recently blocked bills aimed at regulating stablecoins because of the Trump family’s deep involvement in crypto ventures.
What’s Happening at the Dinner?
According to event organizers, the 22 May dinner will focus on the future of crypto.
Trump is expected to speak directly to attendees about digital assets and his own vision for crypto in America.
The top 25 holders will also receive a tour of the White House as a special bonus.
While most attendees, like Christensen, see the event as a light-hearted excursion and a unique photo op, the implications of this move are still slightly murky.
Critics continue to ask:
Is this a grassroots engagement with tech-savvy voters? Or is it a sign of crypto being used to gain political favor?
Despite the backlash, some companies have embraced the Trump token as part of their business strategy.
For example, Freight Technologies Inc. (a small logistics company) announced plans to raise up to $20 million to buy the token.
It even intends to build a treasury to promote trade between the U.S. and Mexico.
Even more ambitious is China-affiliated company GD Culture Group, which revealed its intention to raise $300 million to form a reserve of both Bitcoin and Trump tokens.
These moves show that the memecoin is moving on from being just a speculative asset to being part of larger financial machine.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.