Trump Memecoin (TRUMP) price surged significantly following the announcement of the private luncheon hosted by Donald Trump. The private luncheon is set to take place on the 25th of April at the Mar-a-Lago residence of Trump in Florida.
In a post on March 17, 2026, according to data from Santiment, there are currently 83 wallets holding over one million TRUMP tokens, worth around $3.7 million per wallet, which is the highest amount since last October.
The upcoming meeting is also set to be very exclusive. As per information shared by the Trump team, the top 297 token holders will get invitations, with the top 29 having access to a reception with Trump after undergoing background checks.
In response to this announcement, TRUMP Memecoin has had a strong price reaction. The token has jumped more than 50%, rising as high as $4.35. As of mid-week, it continues to be up 27% over the last seven days, trading at $3.71, according to CoinMarketCap.
Market commentators believe that the event itself is acting as a major catalyst for the buying interest. Dominick John, of Zeus Research, observed, “A chance to meet a sitting US President is a major draw for big investors.”
Ownership data, as presented by CoinCarp, indicates that there is a high level of concentration. Out of the over 642,882 holders, it is clear that the top 10 owners hold more than 91% of the supply, while the top 100 owners hold more than 97%.
The guest list is also contributing to the hype around the conference. Paolo Ardoino, the CEO of Tether, is also set to attend the conference and deliver a speech. Analysts believe that his attendance may result in announcements that could fuel the hype around the token even more.
TRUMP Memecoin Could Repeat Rally
This is not the first instance where such a scenario has affected the price of TRUMP. In a similar “crypto gala” event in May 2025, the token went up before the event and then started to fall. The previous event had notable attendees such as Justin Sun, Sangrok Oh, and former NBA champion Lamar Odom.
Analysts predict, based on past trends, that the token may follow a similar trend this year, rising before the event and then slowing down after the event, unless some fresh features are incorporated during the conference.
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TRUMP Memecoin Faces Regulatory Pressure
Meanwhile, the TRUMP memecoin remains in the spotlight as various US lawmakers introduce different propositions that seek to restrict the benefits that lawmakers may gain from these digital assets.
One of the propositions is the MEME Act, which is meant to stop federal officials from profiting from memecoins. The other propositions, the Stop Presidential Profiteering from Digital Assets Act and the COIN Act, are still pending.
With the accumulation of whales increasing, the focus of the market remains on the high-profile event, with concerns about the regulation of the market as well as its sustainability.
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