The team behind the TRUMP meme coin has been busy. On-chain data shows wallets linked to the token team sent huge amounts of TRUMP to big exchanges like Binance, OKX, and Bybit. In total, they moved about $20 million worth of tokens. Not surprisingly, the TRUMP price dropped soon after. It slid to around $14.04, pulling back from its $15.59 peak. Even with the sell-off, trading volumes stayed strong, topping $1.5 billion in just 24 hours.
A wallet linked to the $TRUMP team deposited 1,346,000 $TRUMP($19.58M) into #Binance, #OKX, and #Bybit 9 hours ago.https://t.co/Mkk5VIjIFW pic.twitter.com/G4cuIBrQVq
— Lookonchain (@lookonchain) April 29, 2025
Hype Builds as TRUMP Dinner Approaches
Meanwhile, buzz around the TRUMP dinner is heating up. Donald Trump invited top TRUMP token investors to a private dinner and VIP event. Scheduled for May 22, 2025, the dinner sparked serious buying interest. TRUMP prices jumped almost 70% in a week. Some believe big names like Justin Sun might show up. However, not everyone is cheering. Some Democrats are now calling for an investigation into the event, adding another layer of drama to the TRUMP story.
TRUMP Unlocks Create Selling Pressure
The TRUMP token isn’t just facing one-off dumps. Daily unlocks are a big part of the plan, with $6.89 million worth of tokens set to be released every day this week. That’s a lot of potential selling pressure. Retail investors and whales have been snapping up tokens, but they risk becoming exit liquidity for early movers. Despite this, open interest in TRUMP remains sky-high, over $480 million. Traders are still leaning long, betting that the hype will keep prices afloat.
Whales Battle for Top Spots in TRUMP Token Holdings
Big players aren’t backing off. Whales are still battling for spots in the top 25 TRUMP holders’ leaderboard. Just to make it, you’d need around 114,000 tokens now. A day ago, it was only about 109,000. This shows strong demand among serious investors. Activity on wallets like Robinhood and Crypto.com is surging too, meaning TRUMP is attracting plenty of mainstream attention. While some call it just another meme coin, TRUMP’s liquidity and exposure set it apart.
Donald Trump’s Name Drives TRUMP Token Frenzy
Using Donald Trump’s name has turned out to be marketing gold. TRUMP has become the most active meme token on decentralized exchanges, beating out rivals like POPCAT and FARTCOIN. Even the token unlocks are spun as bullish events by the community. With World Liberty Fi’s USD1 stablecoin also gaining momentum, TRUMP continues to benefit from broader ecosystem growth. For now, the combination of hype, celebrity power, and high liquidity keeps the TRUMP meme coin alive and kicking.
