TRUMP Memecoin Whale Count Hits 5-Month High As Mar-A-Lago Gala Nears

bitcoinistPubblicato 2026-03-19Pubblicato ultima volta 2026-03-19

Introduzione

Multiple bills aimed at preventing federal officials from profiting from digital assets are stalled in Congress. Despite this, former President Donald Trump is set to host a luncheon at Mar-a-Lago on April 25 for the top 297 holders of the TRUMP memecoin, with a private reception for the 29 largest holders. Following the announcement, the token's price surged over 50%, and the number of wallets holding over 1 million TRUMP tokens reached a five-month high of 83. Token ownership is highly concentrated, with the top 10 wallets controlling over 90% of the supply. Analysts predict a pattern similar to last year's event, where price spiked on announcement but declined afterward, unless new developments are revealed. Tether CEO Paolo Ardoino is scheduled to speak, potentially turning the event into a progress showcase.

Multiple bills meant to stop federal officials from profiting off digital assets have stalled in Congress — none have made it past the committee stage — even as US President Donald Trump prepares to host top holders of his personal memecoin at his Florida estate next month.

Bills Introduced But Stuck In Committee

The Modern Emoluments and Malfeasance Enforcement Act, the Stop Presidential Profiteering from Digital Assets Act, and the Curbing Officials’ Income and Nondisclosure Act were all introduced over the past year.

All three remain in limbo. Meanwhile, the event they were partly designed to address is moving forward as planned.

Trump’s team has confirmed a luncheon at Mar-a-Lago on April 25 for the top 297 holders of the TRUMP token. The 29 largest holders get something extra — a private reception with the president himself, pending background checks.

 An exterior view of the Mar-a-Lago mansion. Image: Davidoff Studios/Getty Images

Whale Wallets Surge To Highest Point Since October

The market reacted fast. In the days after the luncheon was announced, the token jumped more than 50%, briefly touching $4.35.

Data from analytics platform Santiment shows the number of wallets holding over 1 million TRUMP tokens has climbed to over 80 — the highest count since October 8 last year. At roughly $3.7 million per wallet at current prices, these are not small positions.

As of Wednesday, TRUMP was trading at $3.70, up 25% over the past seven days, according to CoinGecko.

Token ownership is heavily concentrated. CoinCarp data shows the top 10 wallets control more than 90% of the entire supply. The top 100 hold over 95%. Of the 642,882 wallets on record, the vast majority hold a sliver of what the biggest players carry.

TRUMPUSD currently trading at $3.54. Chart: TradingView

Tether CEO Paolo Ardoino is among those scheduled to attend and speak at the April event. Zeus Research analyst Dominick John said that Ardoino’s presence could shift the gala from a social gathering into something closer to a product showcase.

“His appearance could transform the event into a progress showcase for the TRUMP token,” John said.

Last Year’s Gala Offers A Possible Preview

Trump held his first token-holder dinner in May 2025, drawing crypto executives, anonymous traders, and sports figures including NBA champion Lamar Odom. Tron founder Justin Sun attended as the largest tokenholder at the time.

The pattern from that event is instructive. The announcement in late April sent the price to $15.58. By the night of the dinner on May 22, it had slipped to $14.50. A month later, it sat at $8.90.

John expects history to repeat. “Historically, Trump events show an announcement-driven hype phase followed by a gradual post-event downtrend,” he said. “This event will follow a similar trajectory, unless new developments are unveiled around this event.”

The luncheon is still five weeks away. Whether the price holds — or follows last year’s slide — remains to be seen.

Featured image from Unsplash, chart from TradingView

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Domande pertinenti

QWhat is the significance of the number of TRUMP memecoin whale wallets reaching a 5-month high?

AThe number of wallets holding over 1 million TRUMP tokens has climbed to over 80, the highest count since October 8 of the previous year, indicating a surge in large-scale investor interest and accumulation ahead of the Mar-a-Lago gala event.

QWhat is the purpose of the upcoming event at Mar-a-Lago on April 25th?

AThe event is a luncheon hosted for the top 297 holders of the TRUMP token. The 29 largest holders will also receive an additional private reception with former President Donald Trump, pending background checks.

QAccording to the article, what happened to the price of the TRUMP token after the first token-holder dinner in May 2025?

AFollowing the announcement of the first dinner in late April 2025, the price rose to $15.58. However, by the night of the dinner on May 22, it had decreased to $14.50, and a month later, it had fallen further to $8.90, showing a pattern of announcement-driven hype followed by a post-event downtrend.

QWhich notable figure from the cryptocurrency industry is scheduled to attend and speak at the April event?

ATether CEO Paolo Ardoino is among those scheduled to attend and speak at the April event.

QWhat is the current status of the congressional bills mentioned in the article that aim to prevent federal officials from profiting from digital assets?

AAll three bills—The Modern Emoluments and Malfeasance Enforcement Act, the Stop Presidential Profiteering from Digital Assets Act, and the Curbing Officials’ Income and Nondisclosure Act—have stalled in Congress and none have made it past the committee stage.

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