TRUMP Token Wales will be loaded before the lunch event.
Ahead of a luncheon at US President Donald Trump's Mar-a-Lago residence in Florida this month, Crypto Wells has uploaded several TRUMP memecoins.
A whale of 105,754 official TRUMP (TRUMP) was withdrawn from Binance on Saturday to add 1.13 million Trump worth an estimated $3.2 million, according to an X post from blockchain analytics firm Lookonchain on Sunday.
Two days ago, another whale withdrew 850,488 TRUMP from crypto exchange Bybit.
On Monday, another whale increased their TRUMP holdings to more than 368,000 after withdrawing from Bitmart, and a fourth whale raised more than a million tokens after withdrawing from Baybit, according to blockchain explorer Solscan.
Critics, including Democratic lawmakers, have accused Trump of using his presidency to personally finance the project, and have introduced legislation aimed at limiting that activity.
A total of 297 token holders have been invited to a luncheon at Trump's Mar-a-Lago estate on April 25, when the president is expected to deliver a speech. The White House Correspondents' Association dinner in Washington, DC fell on the same day, but the top 29 holders were treated to a private reception.
TRUMP is down 33% since the March announcement
Trump announced the luncheon in March, raising TRUMP to $4.35. However, according to CoinGecko, Memcoin is down more than 33% since Monday to trade at $2.80.
Dominic John, an analyst at Zeus Research, told Cointelegraph that prices are likely to remain low as the retail-led market is dwindling, forcing continued price hikes.
“At the same time, the overlap of insider supply means that even small distributions from accumulated wallets can take whale bids, limiting any meaningful backtracking,” he said.
Crypto data analytics platform CoinCarp lists 642,882 TRUMP holders, with more than 91% of its supply concentrated among 10 wallets and more than 97% among 100 wallets.
The token was scrapped after the CryptoGala announcement last year.
Trump in 2016 He held his first “Crito Gala” dinner in May 2025, a few months after he was inaugurated as the US President on January 20.
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The token peaked at $15.59 a month before the event, but fell as the event approached, and fell to $8.90 a month after the event.
At this time, John said that the token could bring about a recovery process, in the 2026 mid-terms as a potential sentiment multiplier and other positive announcements. The first signs of stimulus and institutional accumulation are likely to form a floor and lead to upside-down changes, he said.
“One incentive for exposure is likely to be event-driven initiatives like the Trump Billionaire game, which creates the social buzz needed to drive short-term upside,” John added.
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