Trader Secures Trump Dinner Spot for $1,200

Buyer TRUMP Morten Kristensen and four of his friends received invitations to a gala dinner with U.S. President Donald Trump, spending about $1,200 for a spot. This was reported by Bloomberg.

To be among the top 220 holders, one needed approximately $54,500 in tokens over the past three weeks. However, Kristensen and his friends found a way to spend only on trading fees.

They purchased the necessary amount of TRUMP and opened a short position for the same amount. After the final guest list was announced, they sold the tokens and closed the short positions.

“We figured participating in the competition wouldn’t be too expensive, we tried it and did it,” noted Kristensen.

The trader first bought tokens in January, an hour after the announcement. According to him, he sold the assets for 30 times the price that same weekend.

“Then he announced the dinner, at first I ignored it, thinking the competition would be too fierce. Then eight days before the end, I saw the leaderboard. It wasn’t that expensive, maybe $60,000 or $70,000,” added the trader.

Friends wrote a special program that tracked the portfolios of potential guests and predicted the amount of tokens needed to make the list.

According to Kristensen, when major players entered the competition, the group of five traders decided to buy more TRUMP to secure their positions.

At the time of the winners’ announcement, the user held about $250,000 in the “presidential meme coin.” He ranked 188th under the nickname Aird.

The trader has already received notification, provided the necessary data for checks, and booked plane tickets.

Earlier, Senator Richard Blumenthal initiated an investigation into Trump’s crypto connections, demanding disclosure of financial flows and the ownership structure of his projects.