PANews reported on May 24 that according to Decrypt, on Thursday evening, local time, US President Trump held an exclusive dinner at Trump National Golf Course. When most VIP holders of Trump Meme coin TRUMP arrived, their wallets no longer had the token. Solscan chain data showed that the day after the dinner, only 8 of the top 25 VIPs held a balance of the president's official Meme coin TRUMP. Most registered addresses transferred tokens to centralized exchanges a few days after the snapshot on May 12. Sun Yuchen, the founder of TRON, was among them. Before the event, he was firmly at the top of the list. At the time of the dinner snapshot, his wallet had 1.43 million TRUMPs, and he still holds nearly 1.4 million, worth about $18.8 million. The average holdings of the VIP group dropped from about $4.78 million to about $2.11 million. Those who did not retain their balances will miss the limited edition "Diamond Hand" NFT. This move by some VIPs may confirm that their investment is suspected of "exchanging money for opportunities."

Coingecko data shows that the TRUMP token fell 12.7% to $12.59 in 24 hours, a 71% drop from its all-time high in January.