What to know : After five months of total silence, a dormant crypto wallet suddenly bought roughly 2.2 million TRUMP tokens on Thursday, signaling a massive vote of confidence from a major investor. The token’s 60% price spike followed the announcement of an April 25 gala and luncheon at Trump’s Florida estate, an exclusive event open only to the top 297 token holders. While the news sparked a major daily rally, the token is still down roughly 96% from its January 2025 peak of $74, illustrating the extreme risks of the memecoin market.
A crypto wallet that sat dormant for five months woke up Thursday to accumulate more than $7 million worth of TRUMP tokens as the U.S. president-linked memecoin's official team announced a second gala event for top holders — sending the token surging more than 60% from its all-time low.
Onchain data from Arkham Intelligence shows the wallet began buying the tokens from Binance's hot wallet starting at 01:49 UTC on March 13, hours after the gala was announced. The wallet accumulated roughly 2.2 million TRUMP across four transactions: an initial single-token test buy, followed by two purchases of about 1 million tokens each, worth a combined $6.23 million, and a further 200,000-token buy worth $742,000.
The TrumpMeme account on X announced a conference and gala luncheon at Mar-a-Lago on April 25. The event is open to the top 297 TRUMP holders by time-weighted average balance between the announcement date of March 12 and April 10.
TRUMP dropped to a record low near $2.71 earlier Thursday before spiking to $4.50, then pulling back to around $3.90 — still a gain of roughly 44% from the trough. The wallet was up approximately $2.47 million on its position at the time of publication, with total holdings valued at $9.44 million, per Arkham data.
The new event echoes the dinner held at Trump National Golf Club in May 2025, which drew criticism from lawmakers and ethics watchdogs over presidential access as a token-holding incentive. A disclaimer on the new event's website states Donald Trump will appear in a personal capacity with no private meetings.
TRUMP has fallen roughly 96% from its all-time high of around $74, set just before Trump's inauguration in January 2025.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
