How I shorted $TRUMP coin (and got to have dinner with the President)
1 min read
Summary
One crypto investor shorted the value of the “TRUMP” coin prior to a competition that will allow the top 220 winners to have dinner with former president Trump.
He shorted the coin on a decentralized exchange after moving stablecoins from his Solana wallet to put in the necessary funds.
The investor originally expected to make money from the short, but the trade was only break-even.
He ended up attending the dinner himself, and said many of the attendees were from out of town or even out of the country, and a lot of them were crypto whales.
As a reward for not selling their tokens before the dinner, winners received a “TRUMP DIAMOND HANDS” NFT.
The investor believes the Trump team will wait 2-3 months before selling into the strength of the token price movement to show that the $TRUMP token has utility.