The TRUMP toy whales are loaded up before the luncheon event

The crypto whales piled up even more TRUMP memecoins ahead of this month’s luncheon, where the biggest holders will be granted entry.

On Saturday, one whale added about 105.754 TRUMP to his 1.13 million TRUMP worth $3.2 million. according Lookonchain, a blockchain analytics company, published an X-post on Sunday.

Another whale had withdrawn 850 488 TRUMP two days before from Bybit, the cryptocurrency exchange.

Another holder was seen on Monday increased Their TRUMP stash has increased to 368,000 tokens, after withdrawing their TRUMP from BitMart. And a fourth whale boosted Solscan blockchain analyst reports that Bybit withdrawals have increased their tokens to more than one million.

Democrats and other critics have accused Trump, among others, of using the position to gain personal financial benefit through this project. introduced legislation aimed at limiting This is a good example of such an activity.

There are 297 top token holders. invited to a luncheon On April 25, the President is scheduled to give a keynote speech at Trump’s Mar-a-Lago. A private reception is also being offered to the top 29 holders. despite the White House Correspondents’ Association On the same date, Washington DC hosts a dinner.

TRUMP’s popularity has dropped 33% from March.

TRUMP’s price soared to $4.35 after Trump announced the March luncheon. The memecoin is still a relatively new currency. since dropped by over 33% As of Monday, the price was $2.80. according CoinGecko.

Dominick John is an analyst with Zeus Research. He told Cointelegraph, the retail market’s selling has likely pushed down prices as it overwhelms liquidity.

“At the same time, insider supply overhang means even small distributions from concentrated wallets can absorb whale bids, limiting any meaningful upside follow-through,” He also added.

Crypto data analytics platform CoinCarp lists The top 100 wallets accounted for 97% of all TRUMP wallets.

Tokens spiked following the announcement of Crypto Gala last year

Trump has held his first official event. “crypto gala” Dinner in May 2025 was arranged a few weeks after the inauguration of his presidency on Jan. 20, which also raised concerns from his critics, who accused him to be using his office for financial gain.

Related: Bessent ramps up pressure on Congress to pass CLARITY Act

It peaked around $15.59 a few weeks before the event. The price fell, however, as it got closer to the date. A month later, the token was down to $8.90.

John stated that the token may stage a comeback this time, and the midterm elections in 2026 could act as a sentiment multiplier, along with other positive announcements. He said that catalysts and signs of early institutional accumulation can help to establish a bottom and cause a reflexive upward move.

“One catalyst to watch is the potential for event-driven launches like the Trump Billionaire Game, which could generate the social buzz needed to drive short-term upside momentum,” John Add. 

Magazine: Bitcoin quantum-safe without upgrade? CZ’s 2031 crypto vision: Hodler’s Digest, April 5 – 11