TLDR
- The number of whale wallets holding over 1 million TRUMP tokens has hit a 5-month high of 83
- The surge follows an announcement that top TRUMP holders are invited to a luncheon with President Trump at Mar-a-Lago on April 25
- TRUMP is up 27% over the last seven days, trading at $3.71
- Over 91% of TRUMP’s total supply is held by the top 10 wallets
- A similar announcement in 2025 sent the token to $15.59 before a gradual decline
The TRUMP memecoin has seen a sharp rise in whale activity in the days following an invitation for top token holders to attend a luncheon with US President Donald Trump at his Mar-a-Lago estate in Florida.
The event is scheduled for April 25. The top 297 token holders are invited. The top 29 are eligible for a private reception with the president, pending background checks.
Data from analytics platform Santiment shows 83 wallets now hold more than 1 million TRUMP tokens. That is the highest count since October 8, 2025, and a reversal from a low of 69 wallets recorded that same month.
🐳 You may have noticed OFFICIAL TRUMP coin temporarily decoupling over the past few days (+36% since Wednesday). As this was happening, our data indicates that there are now 83 1M+ coin $TRUMP wallets, the most in over 5 months. Coincidence? Likely not. pic.twitter.com/CDBaON4Xba
— Santiment (@santimentfeed) March 16, 2026
The token is currently trading at $3.71, up 27% over the past seven days. It hit a weekly high of $4.35 shortly after the luncheon was announced.
TRUMP rallied 67% from a low of $2.678 to a high of $4.508 this week. The coin had spent most of February and early March trading sideways before breaking out.
Whale Accumulation Picks Up
On-chain data from Lookonchain shows a BitGo Custody Wallet transferred 1.5 million TRUMP tokens, worth around $5.85 million, to a newly created wallet. A small test transaction of 9 TRUMP was sent first before the full transfer.
CoinCarp data shows there are 642,882 total TRUMP holders. The top 10 wallets hold over 91% of the total supply. The top 100 wallets hold over 97%.
Dominick John, an analyst at Zeus Research, told Cointelegraph the Mar-a-Lago event is acting as a “catalyst for accumulation.” He described the momentum as “narrative-led flows and whale positioning.”
Tether CEO Paolo Ardoino is scheduled to attend the event. John said his presence could signal ecosystem announcements tied to the TRUMP token.
What Happened at the Last Gala
Trump held his first crypto gala dinner in May 2025. It was limited to the top 220 TRUMP token holders and included crypto executives and athletes.
The announcement of that event on April 23, 2025 pushed TRUMP to a peak of $15.59 on April 25. The token then fell steadily, dropping to $14.51 on the day of the dinner and to $8.90 a month later.
John said he expects a similar pattern this time. “Historically, Trump events show an announcement-driven hype phase followed by a gradual post-event downtrend,” he said.
On the price chart, TRUMP is currently stalling near a supply zone between $4.452 and $5. The Choppiness Index sits at 45.91, suggesting the market is in a consolidation phase following the recent breakout.
At press time, TRUMP was down about 5% in the last 24 hours with daily trading volume declining around 31% to approximately $350 million.
