- TRUMP Coin increased by 73% after Donald Trump announced a special gala dinner for the top 220 token holders at his Washington golf club.
- Following the announcement, whales and major investors aggressively accumulated the tokens, and the scheduled unlock of 40 million tokens was delayed by 90 days to prevent oversupply concerns.
The $TRUMP memecoin has surged 73% due to the excitement that came after Donald Trump’s announcement of a special gala dinner for top token holders at his Washington golf club. The rise of the memecoin’s price reflects the strong reaction from the market and investors’ growing interest following the news of the exclusive event.
On April 23rd, the United States President, Donald Trump, announced that the top 220 $TRUMP holders would be invited to a formal dinner with him at the Washington, D.C., golf club. Due to this announcement, the meme coin jumped more than 73% and reached a 24-hour trading volume of $1.82 billion, making it one of the best-performing cryptos among the 100 largest cryptocurrencies by market cap.
The token price went from $7.54 to a high of $15.47 on April 23 before settling at $15.86 today, April 26. The coin has also reached a 24-hr trading volume of $3.1 billion. This rise comes after months of heavy price swings.
source: coinmarketcap.com
Whale Movements After $TRUMP Dinner Announcement
Following the ticket announcement news, 27 whales bought more than 100,000 tokens, totaling around $1 million in purchases, with the biggest single buy reaching 2 million tokens for about $24 million. AMCrypto, a technical analyst on X, shared that the large buys and short liquidation pushed the price higher.
Justin Sun, an account linked to the founder of TRON, quickly became the largest holder, controlling about 1.2 million TRUMP tokens worth over $14 million after investing $30 million into Trump-linked World Liberty Financial. While this was going on, the already planned release of 40 million meme coin tokens was delayed by 90 days, keeping the circulating amount at 200 million and easing fears of oversupply.
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