In anticipation of the highly awaited luncheon hosted by President Donald Trump at his Mar-a-Lago estate, $TRUMP whales in the memecoin community have started accumulating more tokens. These whales will be rewarded with personal meetings with the president as a recognition of their significant contributions to the memecoin ecosystem.
The most recent activities on-chain are an evident indication of such preparations. One notable $TRUMP whale pulled approximately 105,754 OFFICIAL TRUMP tokens from Binance on Saturday, boosting its holdings to 1.13 million $TRUMP. It is valued at around $3.2 million.
Just days earlier, another large holder withdrew 850,488 $TRUMP from Bybit. On Monday, additional wallets stepped up and one increased its stash to more than 368,000 tokens after moving funds from BitMart, while a fourth pushed past the one-million-token mark following a withdrawal from Bybit.
Blockchain trackers like Lookonchain and Solscan have spotlighted these transactions, highlighting how serious players are gearing up for the April 25 luncheon.
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The Mar-a-Lago luncheon promises to be memorable for $TRUMP Whales
The top 297 TRUMP holders and $TRUMP whales will receive invitations to the Mar-a-Lago luncheon, where President Trump is expected to deliver remarks. The top 29 holders will also gain a private reception alongside the main gathering. This comes despite the coinciding White House Correspondents’ Association Dinner in Washington, D.C., adding an extra layer of intrigue to the day.
Not everyone is enthusiastic about the setup. Some Democrats suggest the project allows Trump to benefit personally from his position, and they’ve floated legislation to curb such activities. These criticisms echo similar reactions to last year’s crypto gala dinner held in May 2025, shortly after Trump’s inauguration.
$TRUMP has experienced its share of volatility lately. Following the March announcement of the Mar-a-Lago luncheon, the token climbed as high as $4.35. Since then, however, it has declined more than 33%, trading near $2.80 as of this week.
Thin liquidity and retail selling pressure appear to be weighing on the price, according to analysts. Dominick John of Zeus Research noted that insider supply can quickly offset buying interest from large wallets, keeping upside in check for now.
There is still hope that the situation can turn around. John indicated that the 2026 midterms may prove to be another sentiment driver, among other good things that may happen in the near future. The earliest hints of institutional participation may work towards stabilizing the token and triggering a buying frenzy once more. Moreover, there may be events or initiatives, including the Trump Billionaire Game, that could act as triggers.
In light of all the above and taking into account the fact that there are over 642,000 holders according to CoinCarp and a lot of tokens held by the large wallets, or $TRUMP whales, the $TRUMP ecosystem proves quite active.
With the Mar-a-Lago lunch approaching, these $TRUMP whales clearly appear to be doing everything possible to land their seats at the table, both figuratively and literally.
