The Real Winners of the Trump Memecoin Feeding Frenzy

The Trump memecoin, backed by entities connected to the U.S. President, gained significant traction after President Trump announced that top holders would receive an intimate dinner event. This led to a 60% price surge within hours, primarily driven by traders seeking exclusive opportunities and profits. However, the companies controlling most of the supply prioritize trading fees over coin value, earning substantial income through market making mechanisms like surge pricing. Despite their financial gains, these entities face risks from potential sell-offs and reputational damage if their high-value holdings drop in value due to regulations or public backlash.