Traders who won a ticket to a banquet with Donald Trump by entering a contest to buy large amounts of the president’s memecoin may have netted multimillion-dollar profits, a Financial Times analysis has revealed.
The competition, announced on April 23, offered dinner to people who held the largest quantities of the $TRUMP memecoin over a specified window in a publicly visible crypto wallet. The contest helped push the price of the token from $9.26 to $15.33 when it was announced.
Many traders started moving tokens out of their wallets as the window closed on May 12 and their place at the dinner at the…
