"The 220 wallets currently listed on the leaderboard of token holders hold a combined 12.5 million $TRUMP, notionally priced at around $137 million. These wallets likely represent fewer than 220 distinct individuals. Blockchain analysis shows several clusters of two or three wallets with similar trading patterns and funding sources, or wallets which have transferred tokens to other wallets on the leaderboard, suggesting some investors are qualifying for multiple spots through different wallets. Without access to identification documentation that will be submitted privately to the Trump team, only a small number of wallets can be connected to identifiable individuals with any degree of certainty based on public data.
161 of the wallets on the leaderboard, or 73%, likely belong to non-U.S. investors. This conclusion stems from tracking token transfers through offshore cryptocurrency exchanges that explicitly prohibit U.S. customers. While some Americans may have access to these exchanges because they operate foreign businesses, it is not trivial to establish such a business, and it’s generally prohibited to set up a shell company solely to circumvent trading restrictions. Some of these exchanges, namely Binance, have in the past encouraged customers to illegally circumvent their restrictions using VPNs or offshore shell companies, although regulatory enforcement actions in the past few years have limited the practice somewhat.3 Two wallets received transfers from US-only entities and so are likely American; an additional four are likely American based on their online presence. The remaining 53 have used exchanges and other trading platforms that allow US and non-US traders alike.
Of the top 25 “VIP” holders, who will also be treated to an exclusive pre-dinner reception with Trump and a tour,c 23 of them are individuals or entities likely based outside of the United States."
https://www.citationneeded.news/trump-memecoin-dinner-guests/
