Whales Keep Buying TRUMP Meme Coin Before Mar-a-Lago Event, But Price Drops to Record Low

Whale activity around Official Trump (TRUMP) is intensifying, with holders accumulating tokens ahead of the April 25 crypto conference and gala luncheon at Donald Trump’s Mar-a-Lago resort.

On-chain tracker Lookonchain reported that one wallet withdrew 850,488 TRUMP worth $2.4 million from Bybit over the past two days. Moreover, a second wallet pulled 105,754 TRUMP from Binance. The wallet now holds 1.13 million tokens valued at $3.2 million.

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TRUMP Meme Coin Whales Stack Tokens 

On-chain data from Santiment reveals a clear redistribution pattern since the event was announced on March 12. The largest holder tier, wallets holding between 10 million and 100 million tokens, trimmed positions from 320.09 trillion to as low as 307.95 trillion in late March.

However, the buying activity picked up after, with holdings increasing to 310.1 trillion on April 12.

Whales in the 1 million to 10 million range moved in the opposite direction. Those wallets added 5.56 trillion tokens during the same period, bringing their holdings to 166.94 trillion.

Wallets in the 100,000-1 million bracket followed a similar trajectory. Their holdings grew 5% from 96.59 trillion to 101.46 trillion. 

BeInCrypto previously reported that the top 297 holders on the leaderboard will earn a seat at the conference. The 29 largest wallets receive VIP access to a private reception with the president.

TRUMP surged over 50% following the March announcement, briefly touching $4.49. However, the token has since given back all of those gains. It traded at approximately $2.8 on April 12.

Overall, in 2026, the meme coin is down by more than 41% and has lost more than 11% over the past month alone. With the event less than two weeks away, the gap between ongoing whale accumulation and falling prices sets up a volatile stretch for TRUMP holders.

The post Whales Keep Buying TRUMP Meme Coin Before Mar-a-Lago Event, But Price Drops to Record Low appeared first on BeInCrypto.

Source: https://beincrypto.com/trump-whales-accumulate-mar-a-lago-luncheon/