The rumor chain of "Presidential Dinner" or "Binance's investment"

Recently, a picture of "Trump invites $TRUMP token holders to attend the Mar-a-Lago dinner" circulated in the crypto community

The rumor chain of "Presidential Dinner" or "Binance's investment" is a new mode of market manipulation in the market.

Recently, a picture of "Trump invites $TRUMP token holders to attend the Mar-a-Lago dinner" went viral in the crypto community, claiming that token holders have the opportunity to obtain VIP status. Some Twitter influencers forwarded the image, which was later deleted, leading to fluctuations in the $TRUMP token. However, there is no event announcement on the official website of Mar-a-Lago, and this is most likely a narrative conjecture based on Trump inviting some of the Trump Digital Trading Card Series NFT to participate in a dinner on May 13, 2024.

In addition, the Trump family crypto project WLFI issued a statement through its official X account to clarify that the news previously reported by the Wall Street Journal, Bloomberg, and other media about WLFI and Binance discussing investing in the company was unconfirmed and seemed to be politically motivated, aiming to damage the crypto industry.

The maturity of the counterfeiting industry chain is evident. From AI-generated pictures/videos, such as Sora’s production of Trump’s speech, to fake media screenshots of WSJ, Coindesk, etc., the technology is becoming increasingly sophisticated.

Paid KOLs, with prices ranging from $500 to $2,000 per tweet, and robot forwarding, costing $0.01 per tweet, are used to amplify the rumors.

Whales are coordinating on-chain to build positions in advance and sell in batches after the rumors are released. For instance, a certain address made a profit of $2.3 million in the $TRUMP event.

The cost of a single fraud is about $50,000, but the potential profit exceeds one million, and the legal risk is minimal.

Moreover, the issuers of Meme coins use mixers to transfer funds, making them extremely difficult to track, especially considering that 95% of Meme coin issuers abandon the project after making a profit.

To survive in this turbulent market, it is crucial to perform source checking by using Google to reverse search the image and verify the original link of the media report, such as searching the WSJ official website.

Track changes in token holdings through Arkham and Nansen. If whales increase their holdings in advance and there is no project progress, be alert to the possibility of price manipulation.

Set the investment limit of Meme coins to 5% of the total funds and only use spot transactions on exchanges to avoid futures liquidation. Finally, set a 10% stop loss line and exit the market in batches after the profit exceeds 30%. Don’t FOMO into anything.

In Q1 2025, the amount of financing in the crypto industry fell by 72% year-on-year, the number of new projects dropped sharply, the market lacked real benefits, and investors turned to "rumor arbitrage." According to a CoinMarketCap survey, 68% of retail investors judge the credibility of news based on the title alone, and they are extremely sensitive to celebrity-related narratives. For instance, the search volume for Musk and Trump-related tokens increased by 400%.