Over 80 Wallets Now Hold Over 1 Million TRUMP Tokens, Highest Since October ⋆ ZyCrypto

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TRUMP coin whales are accumulating assets in large numbers ahead of the United States President’s luncheon in April. The number of wallets holding up to one million tokens is at a five-month high, with investors anticipating a massive jump.

The Big Guns Are Buying TRUMP

On-chain analytics firm Santiment highlighted recent  TRUMP token achievement on X, citing bullish sparks in an attempt to decouple from the wider market. Data also shows that over 83 wallets are holding more than 1 million TRUMP tokens.

As the highest peak since October, it signals a new wave of investments around the meme coin. Other on-chain experts also flagged a similar trend in buying behavior this month. 

“You may have noticed OFFICIAL TRUMP coin temporarily decoupling over the past few days (+36% since Wednesday). As this was happening, our data indicates that there are now 83 1M+ coin $TRUMP wallets, the most in over 5 months. Coincidence? Likely not.”

The massive whale accumulation is not in a vacuum but is drawn to a future event by the US President. Donald Trump is expected to host a Mar-a-Lago gala for select investors and top crypto stakeholders. About 297 token holders are invited to the event, while 29 will have a private reception with Trump.

This remains the principal reason for large holders taking up more assets. At the time of writing, 91% of assets are held between 10 wallets, while 100 wallets hold 97% of the supply. The TRUMP meme coin metric leans heavily on dominant players rather than retail investors.

Last year, President Trump held his first crypto event with Tron’s Justin Sun, who was the largest holder at the time. The event drew the top 220 holders, large crypto executives, and NBA star Lamar Odom. A similar pattern could play out this year, with the token spiking before the dinner and dipping afterward.

TRUMP marched past $15.59 before last year’s dinner before plummeting to current levels. The assets is up 18% this week on the pulse of recent accumulations, though many fear a repeat of the 2025 cycle.

Meanwhile, the meme coins hurdles compounded in Q1 2026 following the wider crypto market downturn. Total meme coin market cap is valued at $35.5 billion, a significant drop from the bull cycle. Today, tokens are down 1.4%, with top assets like Dogecoin (DOGE) and Shiba Inu (SHIB) in the red zone.