TRUMP is seeing renewed whale activity as investors accumulate ahead of a private April 25 luncheon at Mar-a-Lago, where Donald Trump is expected to speak.
According to blockchain tracking reports, several large wallets recently withdrew major amounts of TRUMP tokens from exchanges such as Binance, Bybit, and BitMart. The buying rush appears linked to event access rules: only the top 297 holders reportedly receive invitations, while the top 29 wallets may gain access to an additional private reception.
However, the token’s ownership remains highly concentrated. Reports indicate more than 97% of total supply is held by the top 100 wallets, meaning even strong buying pressure can be outweighed by selling from a few large holders.
This pattern has happened before. During a similar Trump-linked crypto event in May 2025, the token rallied strongly before the gathering, then declined as the event approached and continued falling afterward.
The current cycle looks similar. TRUMP reportedly jumped after the new luncheon was announced, but later dropped more than 30%, trading near $2.81.
Critics and lawmakers have also raised concerns, arguing that access to a sitting U.S. president appears tied to ownership of a speculative token.
For traders, the key question is whether whale accumulation can continue lifting price — or if insider selling pressure will dominate again.
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