Key Points:
- A trader adopted a market-neutral strategy in order to qualify.
- Since its launch $TRUMP coin has gone from a market cap of $15B peak to $2.7B
- Two public companies plan to hold $TRUMP for treasury use.
A dinner with President Donald Trump, secured for just $1,200. That’s how Morten Christensen described his surprising win. He first bought a Trump coin ($TRUMP) launched by U.S. President Donald Trump in January, just an hour after its launch, and sold it by the weekend for 30 times his entry price, earning several hundred thousand dollars.
After Trump announced that the top 220 holders of $TRUMP would be invited to a private dinner, Christensen decided to jump back in.
According to Bloomberg, Christensen said-
“About eight days before the contest ended, I checked the leaderboard and realized the bar wasn’t as high as I expected, I had assumed it would take $60,000 to $70,000 to qualify.”
Trading Strategy for $TRUMP
To secure a spot, Christensen deployed a market-neutral strategy. Based on the exclusive report by Bloomberg he bought a large amount of Trump’s memecoin while simultaneously shorting the same amount. This way, he avoided market exposure. He needed at least $54,500 in time-weighted holdings, a metric that multiplies the dollar value by how long it’s held. To stay in the top 220, Christensen and his friends developed a tracking tool that monitored the leaderboard and predicted the qualifying threshold. In the end, their cost mostly came down to trading fees.
On-Chain Transactions
Christensen’s wallet, labeled “Aird,” ranked 188th on the leaderboard. On-chain data shows he purchased over 17,000 $TRUMP tokens directly from his wallet, totaling approximately $219,000.
After the purchase, he moved the tokens to a Bybit wallet and shorted his position. Transaction below confirms these steps.
The dinner is scheduled for May 22, 2025, at Trump National Golf Club. Trump is expected to speak about crypto, and the top 25 holders will also get a White House tour. Christensen, excited by the experience, said, “If we get to meet Barron, that will be amazing.”
Moreover, close to the dinner, two publicly listed companies Freight Technologies and GD Culture Group, have also announced plans to buy $TRUMP, citing treasury and reserve strategies.
Conclusion
While Christensen paid just $1,200 in trading fees to secure his seat, the strategy required over $200,000 in upfront capital and Christensen hold 10 years of trading experience. Initially assuming $60,000–$70,000 would be enough, he quickly realized the leaderboard was more competitive. His market-neutral approach worked, but such financial engineering carries risks, especially if sudden market swings occur.
