A majority of VIP holders of the TRUMP meme coin, who attended President Trump's exclusive dinner, sold or transferred their holdings shortly after the event. On-chain data from Solana's block explorer revealed that out of the top 25 VIPs, only eight retained their TRUMP tokens by the next day. The average value of VIP holdings dropped significantly from $4.78 million to $2.11 million post-dinner. Among the few who held onto their tokens was Justin Sun, founder of the Tron network, who retains nearly 1.4 million TRUMP tokens valued around $18.8 million. Many VIPs moved their assets to centralized exchanges, reflecting concerns over potential 'pay-to-play' dynamics associated with the event. This mass sell-off could hinder their eligibility for a limited edition NFT reserved for those keeping their tokens until dinner. The TRUMP token has seen a drop of over 14% following the gala, increasing scrutiny over the motives behind the holders' investments. Criticism surrounding the event has also led to protests, further fueling discussions about foreign influence and implications for crypto regulation.

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