President Donald Trump will host a dinner at the Trump National Golf Club in Washington on the 22nd (local time). The top 25 holders of the ‘Trump Meme Coin ($TRUMP)’ from around the world are expected to attend this event.
Among them, a South Korean startup representative is drawing attention as part of the guest list. The standout figure is Osangrok, the representative of the virtual asset corporations Hyperithm, who has made the list on behalf of South Korea.
According to the official website of the Trump Meme Coin, ‘GetTrumpMemeS.com’, President Trump is scheduled to have a private dinner with the top 25 holders of the meme coin in Washington D.C. on the 22nd. There are also plans to hold a reception party for the top 220 holders.
The top 220 participants for this party were selected based on the ‘time-weighted’ amounts of Trump Meme Coins held from the announcement date until the 12th. According to Reuters, the total aggregates of the Trump Meme Coins held by them amount to about $14.758 million (approximately 2.1 billion won).
The top holder, identified by the account ‘SUN’, currently holds coins valued at approximately $17.81 million (about 25.4 billion won) at market prices. According to New York Magazine, this individual is believed to be Justin Sun, a cryptocurrency entrepreneur residing in Hong Kong. Justin Sun, originally from China, is known to be a Commissioner for the HTX Global Advisory Board.
Osangrok, the representative of Hyperithm, is expected to attend the dinner as one of the top 25 holders of the Trump Meme Coin. The exact rank has not been disclosed, but the 13th-ranked account, ‘HYPE’, which holds about $3.01 million (approximately 4.277 billion won) in coins, is presumed to be associated with Osangrok. Nasookyung, a director at Hyperithm, is also included in the top 220, and is expected to attend the reception.
Founded in January 2018, Hyperithm has its bases in South Korea and Japan, providing corporate financing services for virtual currencies to global institutions and qualified investors.
In August 2021, the blockchain subsidiary of Wemade, Wemade Tree, along with Hashed, led a Series B round that attracted approximately 13 billion won in investment, with participation from Coinbase Ventures, Cocone, GS Futures, Guardian Fund, and others.
Osangrok graduated from Seoul National University with a degree in business, and then worked in M&A advisory and investment practices at Morgan Stanley International’s Seoul branch and the private equity firm Dominus Investment.
Subsequently, he founded Hyperithm and is operating it with his fellow Seoul National University alumnus, Lee Wonjun, believing that virtual assets will continue to grow in connection with South Korea’s high-value industries such as semiconductors, smartphones, and K-Pop.
Meanwhile, this dinner is viewed as an event aimed at the rebound of the Trump Meme Coin, which has recently shown a steep decline. The meme coin was issued ahead of President Trump’s inauguration in January, initially soaring to $75 (approximately 106,000 won) before falling to $7.5 (approximately 10,600 won).
However, since President Trump hinted at a special event for top holders two weeks ago, the price has surged by over 50% and is currently trading at around $14 (approximately 19,600 won).