TRUMP Coin whale activity has climbed to its highest level in five months as the token rallies ahead of a planned gala luncheon for top holders. The increase follows a sharp price surge during the past week and renewed accumulation among large wallets. Data trackers show whale addresses expanding while traders react to the upcoming event tied to the memecoin.
TRUMP Coin Whales Expand Holdings Before Gala
Large holders increased exposure to TRUMP Coin during the recent rally. According to Santiment data, the number of wallets holding at least one million TRUMP tokens has risen to 83. This is the highest level recorded in more than five months.
Source: Santiment
The increase followed a strong move in price over recent days. Santiment reported that TRUMP Coin gained about 36% since Wednesday while whale accumulation increased. The firm noted the simultaneous rise in price and large wallet activity.
Meanwhile, as per Arkham Intelligence, a large holder known as “little x” purchased $6.7 million worth of TRUMP tokens following the announcement of a second gala dinner. Arkham said the position currently shows an unrealized profit of about $2.12 million.
The whale could sell for an estimated $2 million gain or hold tokens to attend the dinner. As CoinGape reported, TRUMP Coin surged as the Trump team announced the gala at which President Trump will be the keynote speaker. The event invites leading token holders to dine with Donald Trump.
The upcoming gathering is the second exclusive dinner organized for TRUMP token holders. Last year, the president hosted a similar event at the Trump National Golf Club near Washington. The invitation went to the top 220 holders of the memecoin.
However, the event also drew political criticism. Several Democratic lawmakers described the dinner as a “crypto corruption club.” They argued that the event illustrates concerns about political figures benefiting from digital asset ventures.
Whale Losses Show Volatility Across Positions
While some large wallets accumulated TRUMP Coin, others exited positions after extended holding periods. According to Lookonchain, one whale identified as “2sBcbh” recently sold 211,343 TRUMP tokens.
The transaction came after the holder kept the top Solana memecoin for about eight months. Lookonchain reported that the whale sold the position for roughly $847,000. However, the sale locked in a loss estimated near $1.29 million.
The whale originally bought the same amount for about $2.13 million when the token traded near $10. The wallet also purchased 18,787 Solana tokens at around $175 each. That position now shows an additional unrealized loss near $1.62 million.
TRUMP Coin Price Consolidates After Surge
Recent whale activity appeared alongside sharp price movements in TRUMP Coin. The token initially traded around $2.90 to $3.00 before a strong rally began on March 13. The surge pushed the price near $4.40 as buying pressure intensified.
Source: TradingView
Following the spike, the TRUMP Coin price repeatedly fluctuated between roughly $3.80 and $4.10. The market also faced repeated rejections near the $4.20 resistance area. At press time, TRUMP Coin traded near $3.90. The price showed a 4.33% decline over the past 24 hours.
However, the token remains up about 33.28% over the past week and 8.08% during the last month. TRUMP coin price predictions now show the price might rally if it holds key support zones. The $3.80 to $3.85 zone acts as immediate support. Meanwhile, resistance is between $4.10 and $4.20.
Analyst Javon Marks said the breakout could open the path toward targets near $5.45, $7.80, and $10.65. Another analyst on X said support remains important between $3.60 and $3.39. Meanwhile, holding above $4.50 could open the path toward $4.98 and $5.60.
Source: https://coingape.com/trump-coin-whales-reach-5-month-high-ahead-gala-luncheon-for-top-token-holders/
