TRUMP Coin Whale Activity Surges to Five-Month High Ahead of Exclusive Gala

TRUMP Coin is experiencing a significant uptick in whale activity, reaching its highest level in over five months as the memecoin rallies ahead of an exclusive gala dinner for top token holders. Data from Santiment reveals that wallets holding at least one million TRUMP tokens have climbed to 83, coinciding with a roughly 36% price surge since mid-March.

The catalyst behind the momentum appears tied to a newly announced gala dinner where President Donald Trump will serve as the keynote speaker. Following the announcement, a prominent wallet known as "little x" acquired $6.7 million worth of TRUMP tokens, currently sitting on approximately $2.12 million in unrealized gains, according to Arkham Intelligence. This marks the second exclusive event organized for top TRUMP token holders, following a similar dinner held last year at Trump National Golf Club near Washington, D.C., which was open to the top 220 holders. The events have drawn criticism from Democratic lawmakers who have labeled them a "crypto corruption club," raising concerns over political figures profiting from digital assets.

Not all large holders are benefiting from the current rally. One whale identified as "2sBcbh" offloaded 211,343 TRUMP tokens after holding for eight months, realizing a loss of approximately $1.29 million. The wallet originally purchased the tokens near $10 each, highlighting the volatility that defines the memecoin market.

Price action shows TRUMP Coin consolidating between $3.80 and $4.10 after peaking near $4.40, with resistance sitting at the $4.20 zone. Despite a recent 4.33% dip, the token remains up over 33% on the weekly chart. Analysts suggest that holding key support levels between $3.60 and $3.85 could pave the way toward targets of $5.45 and beyond.