Blockchain data reveals significant outflows from US President Donald Trump’s memecoin following the announcement of a dinner and White House tour for tokenholders. According to Nansen analytics firm, the TRUMP memecoin witnessed over $869 million in outflows in the past week, compared to $96 million in inflows among the top 500 holders. The move came after Trump invited the top 220 TRUMP holders to a dinner in Washington, DC, with limited White House tour opportunities. Nansen stated that more holders chose to offload their tokens rather than new buyers entering the market, possibly driven by the desire to secure a dinner ticket or capitalize on price fluctuations. The identities of many top holders remain undisclosed, raising concerns about conflicts of interest. As of April 25, the leading tokenholder, “Sun,” held 1,176,803 TRUMP memecoins valued at around $16 million, sparking speculation about Tron founder Justin Sun’s potential attendance at the dinner. Other notable holders include usernames like “elon” and “doge,” prompting speculation about involvement from figures like Elon Musk. Critics have highlighted the control of 80% of the token’s supply by the TRUMP team, fueling fears of a rug-pull. Trump’s previous engagement with tokenholders during the 2024 election, where NFT holders were invited to a dinner at Mar-a-Lago, adds to the intrigue surrounding the TRUMP memecoin. The event raises questions about the overlap between cryptocurrency investments and political interests. For further insights into Trump’s crypto ventures and potential conflicts of interest, refer to Cointelegraph’s detailed analysis in the magazine.