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Bloomberg: Most large holders of Trump coins competing for seats at Trump's dinner may be outside the United States

ChainCatcher news, according to Bloomberg, more than half of the largest holders of the Trump Meme coin use foreign exchanges that claim to ban U.S. users, suggesting that many buyers are located outside the United States. Among the top 25 holders on the official leaderboard, all but 6 use foreign exchanges; at least 56% of the top 220 holders use offshore exchanges. This phenomenon echoes concerns from congressional Democrats about the ethics of promoting this currency and raises questions about the scrutiny of participants in promotional dinners.Bloomberg analyzed the trading activity of the top 220 wallets on May 5 and self-custody wallets that qualified for the top 220 as of April 30, finding that many large holders are unregistered and more than half of the largest buyers use foreign exchanges. Some U.S. buyers may be ignoring the ban by using foreign exchanges through VPNs and other means. Most exchanges have taken measures to prevent such behavior.In recent days, the top entities on the leaderboard have been swapping positions, with a wallet named "MeCo" associated with the "Meme core" entity, which claims to want to challenge the stagnation in the meme coin space. Analysis shows that there is currently a Meme coin holder on the leaderboard using the username "Sun," and the wallet is associated with HTX, which is linked to Sun Yuchen. Sun Yuchen has publicly acknowledged purchasing other tokens, but to date, he has not responded to whether he is the owner of the top wallet on the Memecoin leaderboard.
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