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- TRUMP whale wallets hit a five-month high as the Mar-a-Lago luncheon boosts demand.
- Token jumps over 50% after the event news and now trades at $3.45 with strong weekly gains.
- Supply is highly concentrated, as top wallets hold over 90%, raising market control concerns.
Large holders of the TRUMP token have increased sharply after a new event announcement. Data shows whale wallets reached a five-month high. The surge follows news of an exclusive luncheon hosted by US President Donald Trump in Florida.
Blockchain analytics firm Santiment reported that 83 wallets now hold well over one million TRUMP tokens. This equals roughly $3.7 million in value. It marks the highest whale count since October 2025. The increase occurred shortly after the public release of event details.
Source: X
The luncheon is scheduled for April 25 at Trump’s Mar-a-Lago residence. According to his team, the top 297 token holders will receive invitations. The top 29 holders will also qualify for a private reception. Attendance is subject to background checks.
TRUMP Price Climbs as Event Hype Boosts Market Activity
Market activity increased after the announcement. TRUMP rose more than 50% and reached a peak of $4.35. As of Wednesday, the token trades at $3.45. It has gained 17.86% over the past seven days, according to CoinMarketCap.
Dominick John, an analyst at Zeus Research, linked the surge to event-driven demand. He stated that access to the US president is a strong incentive. He also noted that whale positioning is shaping price action. The analyst described the trend as narrative-driven.
Data from CoinCarp shows that TRUMP has 642,882 holders. Ownership remains highly concentrated among large wallets. The top 10 wallets control over 91% of the supply. The top 100 wallets hold more than 97%.
Source: CoinCarp
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John also pointed to key attendees as a factor. Tether CEO Paolo Ardoino is expected to attend and speak. His presence may increase user interest. It may also draw attention to possible ecosystem developments.
A similar event was held in May 2025, following the inauguration of Trump. The meeting was attended by the top token holders as well as individuals in the crypto space.
TRUMP Rally Fades as Regulatory Pressure Builds
The announcement of the event saw the value of the coin rise to $15.59 in April. The value of the coin, however, declined following the conclusion of the event.
The value of the coin, TRUMP, fell to $14.51 on the day of the dinner. The coin declined even further, reaching $12.46 within a week of the event. However, it declined to $8.90 a month after the event.
Lawmakers in the United States have been concerned about the tokens. Some legislators protested the tokens outside the event last year. Several bills were introduced with the objective of addressing the problem.
The MEME Act was introduced in February 2025. The act is aimed at limiting the ability of federal officials to profit from memecoins. The act has not been voted on, as it remains in committee.
Other bills that were introduced with the objective of addressing the problem include the Stop Presidential Profiteering from Digital Assets Act as well as the COIN Act. The two bills have not been voted on.
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