Trump Memecoin Skyrockets — But Are Whales Planning Their Exit?

The $TRUMP memecoin has surged in popularity following an announcement by former President Donald Trump. Top holders were promised an invitation to a Gala Dinner at his Washington, DC golf club, sparking a wave of speculative buying.

Analytics firm Nansen reports mixed signals in market activity. While the top 100 wallets snapped up 940,000 additional tokens within an hour of the announcement, the broader trend shows significant profit-taking. The top 500 wallets recorded $869 million in outflows against just $96 million in inflows last week.

This divergence suggests a potential inflection point. Early adopters appear to be capitalizing on the price surge, while newer entrants bet on continued momentum. The memecoin’s volatility underscores the high-risk nature of politically-themed digital assets.