Crypto Whale Makes Power Play: $5.19M TRUMP Purchase Targets Top Holder Status

A deep-pocketed investor just dropped $5.19 million on TRUMP tokens—because nothing says ’hedge against volatility’ like doubling down on meme politics meets DeFi.

The move could catapult the buyer into the token’s top holder rankings, proving once again that in crypto, liquidity trumps ideology (pun intended).

Watch the order books: When whales make moves this bold, retail traders either ride the wave or get swallowed whole.

The whale is now in the list of top TRUMP holders

Meanwhile, another potential possibility is that the trader is acquiring the tokens so as to be a guest at the Trump exclusive dinner scheduled for May 22. If that is the case, the recent acquisition will be enough to make them one of the top holders of the memecoin.

According to the TRUMP leaderboard on the project page, the time-weighted TRUMP holdings of the top 25 holders vary between 942,601.9 tokens and 93,048 tokens. However, the holder ranked 220 only has 610.67 tokens presently, which means the whale would automatically make the list with their latest purchase.

TRUMP memecoin leaderboard (Source: $TRUMP Project Page)

However, TRUMP holders who want to participate have to register. There is no sign that the whale has registered, as the 3kjP9L address is not reflecting on the leaderboard.

Interestingly, the team is using the average TRUMP holdings between April 23 and May 12 to determine ranking. This means that holders who buy more tokens within this period can climb up the rankings. The top 25 are considered VIPs and will have an exclusive reception with the President before the dinner.

TRUMP team sees surge in fees from renewed interest

Meanwhile, the renewed interest in TRUMP is not just driving its prices; it is also generating significant fees for the project. According to Chainalysis data cited by CNBC, the project generated almost $900,000 in fees within two days of the announcement.

In fact, these trading fees remain one of the biggest revenue sources for the project, with cumulative fees since its launch in January now standing at $324.5 million.

Despite the interest and the massive fees going to insiders, the majority of those holding TRUMP are doing so at a loss, given that it is down 79.7% from its peak price.

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