# Gala Related Articles

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

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.

bitcoinist2 days ago 09:03