TRUMP Memecoin Soars 27% as Whale Activity Hits 5-Month High Ahead of Exclusive Mar-a-Lago Event
The TRUMP memecoin has surged significantly as whale activity reaches its highest level in five months. According to Santiment data, 83 wallets now hold over 1 million TRUMP tokens, marking the largest concentration since October 2025. This rally follows an invitation extended to top holders for a luncheon with former President Donald Trump at Mar-a-Lago on April 25.
TRUMP is currently trading at $3.71, reflecting a 27% increase over the past week. The token previously peaked at $15.59 following a similar announcement in 2025 before experiencing a gradual decline. Notably, over 91% of TRUMP's supply is held by the top 10 wallets, underscoring its highly speculative nature.
The upcoming event targets the top 297 token holders, with the leading 29 eligible for a private reception subject to background checks. Such promotional strategies have become characteristic of politically themed memecoins, merging cryptocurrency speculation with event-driven price volatility.