Memecoin TRUMP increased by over 50% as whales aggressively accumulate following the event announcement at Mar-a-Lago

TRUMP has surged by up to 59% on Friday as major investors began to accumulate tokens after the announcement of the 2nd gala event for top holders.

At one point, the price of TRUMP rose to around $4.40 before adjusting around the $3.84 mark.

This is the highest level of the token in over a month, occurring after the development team promoted a conference and luncheon for major holders at the Mar-a-Lago resort.

Event for major holders

The buying activity occurred after the memecoin development team announced a new promotional program, in which the largest holders will be invited to attend the event on April 25 at President Donald Trump's Mar-a-Lago club in Palm Beach, Florida.

According to the program, 297 largest holders during the ranking period from March 12 to April 10 will receive invitations. Among them, 29 holders with the most tokens will attend a VIP reception with the President.

This program is similar to the event organized last year, when the top holders of the memecoin $TRUMP at his golf course in Washington