Source
The top 220 holders of the $TRUMP memecoin invested an estimated $148M over three weeks to win a private dinner with the president; Trump's family business controls most of the coin's supply and its trading fees.
Flow Diagram
$148.00M Asset purchase Top 220 $TRUMP holders (mos… $TRUMP memecoin (Fight Figh… Hops
0
Asset purchase · secondary
Top 220 $TRUMP holders (mostly overseas; largest: Justin Sun ~$18M) → $TRUMP memecoin (Fight Fight Fight LLC / CIC Digital — Trump-controlled)
USD $148.00M (value invested to qualify for the May 22, 2025 dinner; Trump entities hold the bulk of supply and collect trading fees)
Methodology
How amounts are sourced. Dollar figures are drawn from public disclosure filings: USASpending.gov for federal contracts, FEC filings for political contributions, SEC EDGAR for corporate disclosures, LD-2 lobbying registrations for lobbying expenditures, and Congressional records for appropriations. Each hop carries its own citations linking to the primary filing. Where an amount is unavailable (classified contracts, private transactions), the hop is marked "undisclosed" rather than estimated.
About vanish points. A vanish point marks the node at which the money trail goes dark. Each marker carries a typed reason from a fixed taxonomy (shell company, offshore jurisdiction, undisclosed beneficial owner, etc) and a curator note describing what is and isn't known. Vanish points are highlighted in red in the flow diagram above. They are evidence of opacity, not endpoints — every reason is a documented systemic feature of the disclosure regime that prevents further tracing.
Confidence tiers. Each hop and chain carries a confidence rating: primary (sourced directly from official filings), secondary (sourced from reporting or derived records), or inferential (existence is established but details are reconstructed from indirect evidence).
