It has been just over four months since Donald Trump took the highest office in the United States, and most would say things are going well for the new President. The same can be said for his meme coin, $TRUMP.
On May 22nd, President Trump will host the top 220 $TRUMP coin holders with a dinner at his Virginia golf club near Washington, D.C. The event was announced last month, and many have speculated who will attend.
The pseudonymous nature of the crypto wallets raises questions regarding the true identities and motivations of the token’s largest holders, who have secured an invitation to dine with a U.S. president.
Documents from blockchain analytics firm Inca Digital indicate that the top 275 $TRUMP token holders frequently engage in transactions through international exchanges such as Binance, which do not serve U.S. customers. This suggests that these individuals are likely not U.S. citizens. A Bloomberg report also indicated that 19 of the top 25 wallets are almost certainly owned by individuals outside the United States.
The top $TRUMP Coin holder is expected to be Justin Sun, the crypto entrepreneur behind the TRON Blockchain. The Sun wallet now holds over $18 million in $TRUMP, with $4.5 million bought after announcing the dinner contest.
$TRUMP Coin Now Accepted At Select Online Casinos
Recently, BetOnline and its sister sites started accepting the $TRUMP coin as one of their many banking methods. According to the popular exchange Kraken, the coin is currently valued around $13. While this is the first site we have seen accept the President’s digital coin, we expect more people to jump on board as his Presidency continues.
$TRUMP coin now sits alongside other popular banking methods at prepaid online casinos. Other popular cryptocurrencies that are often accepted online include Bitcoin, Ethereum, Cardano, Litecoin, Dogecoin, and many more.
Gambling With Cryptocurrency
Many players choose to gamble with crypto due to its fast processing times and little to no processing fees. Crypto depositors also have the option to withdraw crypto at the fastest online casinos.
While the $TRUMP coin is still new, many holders will be reluctant to use it as a prepaid banking method. Crypto depositors risk losing value as the player is awarded a USD balance based on the market value at the time of the deposit. However, if the value falls in today’s volatile market, you still get the value at the time of the deposit.