Whales Acquire $8.8M in TRUMP for Exclusive Event Access
Large investors initiated a significant accumulation of the TRUMP token after organizers announced a gala luncheon scheduled for April 25 at Mar-a-Lago. Access is limited to the top 297 token holders, creating a direct incentive to acquire and hold the asset through the qualification period ending on April 10. The top 29 holders will receive additional VIP access, including a private reception.
This announcement drove on-chain whale activity to a five-month high. On-chain data firm Lookonchain reported that three newly created wallets withdrew 2.54 million TRUMP tokens, valued at approximately $8.8 million, from the Binance exchange. In a similar move, a whale known as DNTpoX withdrew an additional 2 million TRUMP, worth $6.92 million. Such large withdrawals from exchanges typically indicate that investors plan to hold their assets long-term, in this case likely to secure a spot at the exclusive event.
Price Gains 35% Before Team's $17M Transfer Stokes Fears
The rush to qualify for the event fueled a sharp price increase, with the TRUMP token climbing 35% in a 24-hour period to trade around $3.75. The speculative buying frenzy caused daily trading volume to expand fourfold, from $72 million to over $292 million, reflecting intense market interest.
However, the upward momentum reversed sharply after wallets associated with the TRUMP project transferred approximately 5 million tokens, valued at over $17 million, to Binance. This action sparked immediate concerns of an impending insider sell-off, pushing the price down over 16% in a week to $2.86. The move echoes a pattern from a previous gala in May 2025, which was followed by a significant price decline post-event. The token is now testing a key technical support level at $2.80 as traders weigh the risk of a team-led sale against the event-driven demand.
