{"id":258,"date":"2025-05-26T18:00:00","date_gmt":"2025-05-26T14:00:00","guid":{"rendered":"http:\/\/www.actutech.app\/how-i-shorted-trump-coin-and-got-to-have-dinner-with-the-president\/"},"modified":"2025-05-26T18:00:00","modified_gmt":"2025-05-26T14:00:00","slug":"how-i-shorted-trump-coin-and-got-to-have-dinner-with-the-president","status":"publish","type":"post","link":"http:\/\/www.actutech.app\/en\/how-i-shorted-trump-coin-and-got-to-have-dinner-with-the-president\/","title":{"rendered":"How I shorted $TRUMP coin (and got to have dinner with the President)"},"content":{"rendered":"<figure>\n<p><img decoding=\"async\" alt=\"\" data-caption=\"\" data-portal-copyright=\"\" data-has-syndication-rights=\"1\" src=\"https:\/\/platform.theverge.com\/wp-content\/uploads\/sites\/2\/2025\/05\/257774_Shorted_Trump_Coin_CVirginia-.jpg?quality=90&amp;strip=all&amp;crop=0,0,100,100\" \/><figcaption><\/figcaption><\/p><\/figure>\n<p class=\"has-drop-cap has-text-align-none\">Last month, Donald Trump pushed the boundaries of government and financial ethics by announcing a contest: whoever bought and held the highest amount of the $TRUMP meme coin for an entire month would win an invite to a private dinner with the President. That dinner took place on Thursday at the Trump National Golf Course in Virginia, with attendees <a href=\"https:\/\/www.nbcnews.com\/tech\/crypto\/trumps-crypto-dinner-cost-1-million-seat-average-rcna207802\" target=\"_blank\" rel=\"noopener\">reportedly dropping nearly $394 million on $TRUMP<\/a> in order to win the privilege. <\/p>\n<p class=\"has-text-align-none\"><a href=\"https:\/\/www.theguardian.com\/us-news\/2025\/may\/22\/trump-crypto-sweepstakes-dinner\" target=\"_blank\" rel=\"noopener\">According to an analysis by <em>The Guardian<\/em><\/a> of the winners&rsquo; wallets, over half of them lost money participating in this contest. But that&rsquo;s only if you&rsquo;re analyzing the wallets visible on the contest site&rsquo;s leaderboard. The real money was being made elsewhere.<\/p>\n<figure class=\"wp-block-pullquote\">\n<blockquote>\n<p>\u00ab\u00a0Bet you 10 percent of dinner participants are doing this\u00a0\u00bb<\/p>\n<\/blockquote>\n<\/figure>\n<p class=\"has-text-align-none\">I interviewed an enthusiastic crypto trader who figured out how to win the contest without losing any money: buy enough $TRUMP to get onto the leaderboard &#8211; and then in a separate wallet on a separate exchange, buy $TRUMP perpetual futures that would be profitable if (or as he saw it, <em>when<\/em>) the value of $TRUMP dropped. Yes, he did <em>The Big Short, <\/em>except with Donald Trump&rsquo;s meme coin. \u00ab\u00a0Bet you 10 percent of dinner participants are doing this,\u00a0\u00bb  \u2026<\/p>\n<p><a href=\"https:\/\/www.theverge.com\/cryptocurrency\/674327\/trump-coin-short-sell-hedge-contest-dinner-winner\" target=\"_blank\" rel=\"noopener\">Read the full story at The Verge.<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Last month, Donald Trump pushed the boundaries of government and financial ethics by announcing a contest: whoever bought and held [&hellip;]<\/p>","protected":false},"author":1,"featured_media":259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classe"],"jetpack_featured_media_url":"http:\/\/www.actutech.app\/wp-content\/uploads\/2025\/05\/257774_Shorted_Trump_Coin_CVirginia-12rgnJ.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/posts\/258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/comments?post=258"}],"version-history":[{"count":0,"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/posts\/258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/media\/259"}],"wp:attachment":[{"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/media?parent=258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/categories?post=258"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/tags?post=258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}