Most $TRUMP holders could be foreign

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Blockchain analysis reveals a troubling pattern: 76% of token value among top holders of Trump's meme coin likely belongs to foreign investors. At least 56% of the top 220 registered holders, and 19 of the top 25, used offshore exchanges that explicitly ban American users.

The incentive is brazen: buy enough $TRUMP tokens to join the leaderboard's elite ranks and secure dinner with the former president on 22 May at his Virginia golf club, with the top twenty-five receiving an exclusive reception beforehand.

The timing raises eyebrows. Shortly after Trump's inauguration, his administration dismantled both SEC cryptocurrency investigators and the Justice Department's crypto task force.

Campaign organisers claim dinner guests face background checks, but experts question how nationality can be verified through anonymous blockchain wallets before these meetings occur.

The largest purchase, $4.5 million worth, came through a wallet linked to Justin Sun, a Hong Kong-based entrepreneur previously sued by American regulators.

Democratic senators have called for an ethics investigation, warning of "pay to play" corruption that sells presidential access to foreign interests.

Source: Bloomberg

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