The attendees were selected based on who had spent the most on TRUMP and held their coins the longest between the announcement date and the deadline at 1:30pm ET today. The identities of the investors who vied for a place are concealed behind leaderboard usernames and alphanumeric crypto wallet addresses.

To win a seat under the crystal chandeliers of the great ballroom at the Trump National Golf Club in Washington, the 220 qualifying attendees had to hold or purchase at least 4,196 units of the TRUMP coin—worth about $55,000 at the time of writing, WIRED calculated.

The 25 largest holders will enjoy an even more intimate experience, including a VIP tour and an “exclusive reception before dinner with YOUR FAVORITE PRESIDENT [sic],” according to the website. To qualify for the reception, these VIPs held around 325,000 TRUMP coins on average, worth $4.3 million as of 1:30pm ET.

The biggest spender, an investor going by the name Sun, topped the leaderboard with around 1.43 million TRUMP coins, worth over $19 million. (The wallet going by Sun sold nearly $1 million worth of TRUMP before the contest ended.) Many have speculated whether the wallet belongs to Chinese born billionaire Justin Sun; according to a New York Times report, the coins belong to an exchange for which Sun is a global advisor. Sun did not respond to a request for comment.

Despite the scoring system favoring investors who held TRUMP coins the longest, a number of qualifying VIPs entered the competition at a late stage. In sixth place on the leaderboard, an investor going by the pseudonym Woo bought 1,000,001 coins (now worth over $13 million) on May 6 and sat on them until the end of the competition.

At the bottom end of the leaderboard, smaller investors fought over the final remaining dinner places. One investor going by the username hihi almost doubled their TRUMP holdings in a series of purchases in the hours before the deadline, earning themselves a seat at the dinner.

Conversely, having comfortably secured their places, around 35 of the 220 gala attendees had already sold off nearly all their TRUMP holdings by Monday morning, presumably to shield themselves from any potential drop in value. Analysts had predicted a slump in price after the spaces at the dinner were confirmed and the immediate incentive to hold the coin evaporated.

The identities of the investors who won a seat at the gala dinner are largely unknown. The largest holders include investors going by the usernames Woo, REKT, GAnt, and CASE. The White House and the event organizers did not respond when asked whether the attendee list will be made public.

However, other investors have chosen to reveal their identities, seizing upon the competition as a branding opportunity. The second place holder, MeCo or “MemeCore,” asked users on X to send $TRUMP to their wallet to boost their ranking, promising a full refund at the end of the contest. “See you guys at Trump’s Gala,” added Rudy Rong, chief business development officer at MemeCore, who comes from a billionaire Chinese family.

In Congress, Democrat lawmakers are attempting to push through legislation that would prevent elected officials from releasing their own memecoins, to offset the risk that these coins could facilitate bribery or open the door to foreign influences. Though the MEME Act stands little chance of being written into law because of the Republican congressional majority and the strength of Trump’s hold over his party, it signals growing discontent over the president’s involvements in cryptocurrency.

“It provides a cloak for payments from bad actors to elected officials and their family,” Democrat congressman Sam Liccardo, who introduced the MEME Act, told WIRED. “The point is that those who are benefiting may include individuals who do not have America’s best interests at heart.”