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The compilation of the primary holders of US President Donald Trump\u2019s memecoin has been completed prior to background verifications for those wishing to apply for a dinner and \u201cVIP tour\u201d with the president on May 22.<\/p>\n
In a May 12 X post, the TRUMP memecoin initiative stated<\/a> it would cease considering further acquisitions for a dinner with the president, mentioning that the leading tokenholders had been informed to undergo background checks if they desired to participate.<\/p>\n As per statistics provided on the initiative\u2019s leaderboard, the leading 220 wallets possessed over 13.7 million tokens as of May 12, valued at approximately $174 million at the time of publication.<\/p>\n It remains uncertain whether any of the wallet holders will opt to apply for and attend the dinner with Trump, or the \u201cexclusive gathering\u201d anticipated to occur in the White House for the top 25 holders, on May 22. A Bloomberg report from May 7 indicated that a significant portion of tokenholders were located outside of the United States<\/a>, raising potential security issues and conflicts of interest.<\/p>\n Numerous US lawmakers and individuals within the crypto sector condemned the president for introducing the memecoin merely days before his inauguration on Jan. 20. Following his dinner announcement on April 23<\/a>, the calls for congressional scrutiny and accusations of corruption have escalated, with one senator demanding Trump\u2019s impeachment<\/a> and other representatives refusing to entertain crypto-related legislation<\/a> until their concerns were resolved.<\/p>\n