After the official Trump memecoin team announced a dinner for the top 220 token holders, the price of the TRUMP token surged by 60%, on-chain transfer volume skyrocketed, with about 10,000 wallets transferring tokens on that day, resulting in a total trading volume of $2.3 billion, dominated by small holders' transactions. The trading volume of the TRUMP token on that day surpassed all major memecoins on centralized exchanges, capturing nearly 50% of the market share. Although trading enthusiasm subsequently declined, due to the dinner candidate selection rules based on the average token holding from April 23 to May 12, on-chain activity is expected to remain elevated in the coming weeks.
As for the WLFI team, it's the same old routine, sell, sell, sell. Nine hours ago, an address suspected to be associated with the TRUMP team transferred approximately 1.346 million TRUMP tokens to multiple centralized exchanges, worth about $19.53 million.
