Someone launched Solana Meme coin at Trump's crypto dinner, but it ended in failure

According to Decrypt, participants at the Trump crypto dinner immediately issued a Solana Meme coin called DINNER through Pump.fun, but the token quickly collapsed. The video shows that the anonymous creator operated his phone to send coins during Trump's speech, and his initial market value soared to $450000 before plummeting 89%, leaving him with only $14000 in market value. On chain data shows two major risk signals: the creator controls 10% of the token supply (twice the industry norm), and 44% of the tokens are held through multiple wallets bundled to create a false decentralized illusion. Although the creator promised to transfer 5% of the tokens to the official TRUMP wallet, they actually transferred them to their own address, triggering accusations of a "scam" in the community. The earliest buyer made a profit of $3600 through three trades, while most later investors suffered losses. This incident has intensified doubts from the outside world about the "paid participation" nature of the dinner party. Protesters held up signs outside the venue that read "Stop Crypto Corruption" on the same day, after Democratic lawmakers had called for a moral investigation into the dinner. It is worth noting that the creator ultimately did not sell their 10% token holdings, and DINNER's value fell by 92.5% from a brief high point before basically returning to zero.