Trump Meme Coin Leaves Over 764,000 Wallets At A Loss, While 58 Wallets Made Over $10 Million

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.