Crypto trader loses $2.8m in an hour chasing TRUMP dinner

By: bitcoin ethereum news|2025/05/06 23:16:56
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⚈ TRUMP token price dropped over 5% in 24 hours and 22% over the week, despite surging interest since the April 23 dinner announcement. ⚈ Some traders have still profited, with one whale swapping Fartcoin for TRUMP and gaining $669,000 in under a day. A cryptocurrency trader has suffered a $2.8 million loss following a transaction involving Official Trump (TRUMP) within an hour as part of a gamble to earn a dinner spot with President Donald Trump. The transaction involved MemeCore , a cross-chain meme coin platform, which saw its investment plummet after withdrawing 1.39 million TRUMP tokens from Binance, according to the latest on-chain data retrieved by Finbold from Arkham Intel on May 6. The withdrawal, valued at $17.8 million, was made to secure a seat at an exclusive gala dinner with President Trump scheduled for May 22, 2025. The event promises to host the token’s 220 largest holders. According to the event arrangement, the top 25 holders will receive exclusive perks, determined by their average TRUMP balance from April 23 to May 12, 2025. Whales rush for TRUMP dinner spot Since President Trump announced on April 23, MemeCore has been pushing for the number one spot among TRUMP holders to secure first place at the event. MAKE MECO GREAT AGAIN We’re not just aiming for #1 on the $TRUMP leaderboard — we’re here to conquer the entire meme space. This is your chance to create your own token and Make MemeCore Great Again How to join: 1⃣ Step 1: Customize Your PFP → Access:... https://t.co/vuAnpOzihv pic.twitter.com/OBPHqMcVM8 — MemeCore (@MemeCore_ORG) April 29, 2025 The platform joins other whales loading up on the meme coin as competition for the top spot heats up. For instance, Arkham data also indicated that a newly created wallet withdrew 1 million TRUMP tokens, worth $10.78 million, from Binance within the same hour. TRUMP, launched on January 17, 2025, has been a rollercoaster for investors but has mostly traded in line with the broader market and stood out with increased buying pressure from the dinner news. TRUMP price analysis As of press time, TRUMP was valued at $10.57, down over 5% in the past 24 hours. The token is also in red on the weekly timeframe, shedding more than 22% of its value. Interestingly, while some investors have suffered losses on TRUMP, the meme coin has seen shifts among meme coin holders, leading some traders to profit. As reported by Finbold, one whale swapped a 1.18 million Fartcoin (FARTCOIN) position, valued at $1.22 million, for 78,671 TRUMP tokens, netting a profit of $669,000 in under a day. Featured image via Shutterstock Source: https://finbold.com/crypto-trader-loses-2-8m-in-an-hour-chasing-trump-dinner/

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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