TRUMP Holder Sells TRUMP After Reaching Top 25 Holders

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Solana address, BV83X, just deposited 126,758 TRUMP tokens, worth approximately $1.65M, to a Bybit deposit address, 72C98. Just one week ago, the address withdrew the TRUMP tokens from Binance, when it was only worth $1.23M. Using this address, BV83X signed up for Trump's private dinner with the top 220 holders of the TRUMP token, based on their time-weighted TRUMP holdings. After getting into the top 25 on the leaderboard, he promptly sent his tokens to Bybit, presumably to sell off his holdings. Over the past week, his holdings have increased in value by just over $400K. 

This sequence of transactions illustrates a shrewd trading strategy. The holder appears to have used the non-financial perk—a spot at a private dinner—as a key market event. By accumulating a large position, achieving a high rank on the leaderboard, and then immediately moving the tokens to an exchange, the trader seems to be capitalizing on the hype. This move allowed them to secure a substantial $400K profit in a very short timeframe.

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Although he has since fallen to the 26th position on the leaderboard, he will likely remain in the top 220 by the deadline for the dinner on 12th May.

The fact that the holder will likely retain their dinner invitation despite sending the tokens to Bybit highlights the "time-weighted" holding mechanic. This system rewards participants for the duration of their holding, not just the snapshot amount. It appears this trader held the tokens just long enough to secure their high-value perk before exiting the position, demonstrating a keen understanding of the event's specific rules.