The Whales are turning to acquire $TRUMP tokens, raising nearly $8 million ahead of the widely anticipated crypto dinner.

Ahead of Trump's crypto dinner tomorrow, a bunch of whales are sizing up their bets on memecoin.

On-chain data shows aggressive buying by a trio of whales as the TRUMP price surges an impressive 10% to trade at $14.80.

Whales scoop up 539,000 TRUMP ahead of crypto dinner

According to an X post by Lookonchain, three cryptocurrency investors are aggressively buying TRUMP tokens, spending $7.5 million to acquire the memecoin.

The trio amassed a combined 539,000 TRUMP within minutes on Binance ahead of the Crypto Dinner event.

According to the data, a new wallet withdrew 199,423 TRUMP worth $2.93M while another Whale added $2M to get 199,423 TRUMP. The third whale, a new wallet, moved 203,229 tokens worth $2.64M from Binance.

The whale purchases come amid a 10% increase in TRUMP’s price yesterday. Currently, memecoin is exchanging hands at $14.80 at press time, with fresh purchases of the whale expected to support the rally.

Whales are betting on the token’s price to rise as the crypto dinner approaches. That $TRUMP could be worth up to $20 during a star-studded dinner prepared to attend the event with Justin Sun.

After the snapshot to confirm attendees, prices took a big hit as holders started offloading their tokens.

However, the upcoming event is gathering fresh momentum, with daily transaction volume increasing by 128%.

Dinner will keep the rally going after the event.

Ahead of tomorrow's crypto dinner, speculation is mounting that TRUMP will sustain the price rally.

However, investors are placing their faith in the star-studded lineup that will positively impact $TRUMP ’s price.

Investors are turning to technicals and fundamentals to gauge price action ahead of the dinner.

Cryptocurrency trader Kamil Shaheen has revealed in an X analysis that a move beyond $15 will see prices hit $17.

Fresh whale buying and prominent crypto personalities are promoting the event. Justin Sun, a MemeCore executive and Australia-based Ken Warwick will make up Trump's crypto dinner guest list.

However, increasing criticism of the increase in the number of non-US dinner attendees could negatively impact the price. Furthermore, profit-taking by investors after the dinner could lead to a sharp price correction.

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