Investor interest in the TRUMP meme coin is heating up, fueled by the unusual promise of a private dinner with U.S. President Donald Trump.
Whale activity around the token surged on April 26, when blockchain researcher EmberCN spotted major buys targeting a coveted spot among the top holders.
One major trader, who had already banked $732,000 in early profits, chose not to cash out but instead doubled down. The investor spent roughly $5.73 million in USDC to buy an additional 427,000 TRUMP tokens, with most of the funds withdrawn from Binance and the remainder coming from previous gains.
The spike in whale purchases has proved lucrative for Trump’s circle. Analysis from Chainalysis shows that trading fees connected to the TRUMP token have generated close to $900,000 in just two days.
Speculation is rampant that the buying spree is aimed at securing a seat at an exclusive event: the top 220 TRUMP wallets will be invited to a private dinner with Trump on May 22, while the top 25 holders will gain access to a special VIP reception and private tour.
Initial rumors suggested it would take over $395,000 worth of tokens to make the cut, but the TRUMP project team clarified that eligibility is based on a time-weighted leaderboard, not simple wallet balances seen on public blockchain explorers. They stressed that locked tokens, exchange reserves, and non-participating addresses had skewed public estimates, and only official leaderboard rankings will determine who gets an invite.
The event has further intensified competition among large holders, with some whales reportedly adjusting their strategies to maximize their leaderboard standing before the deadline. As interest in the TRUMP token continues to grow, the race for a spot at the table has turned into a high-stakes contest within the memecoin community.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/big-investors-double-down-on-trump-token-ahead-of-exclusive-dinner-event/