Major Holders Accumulate TRUMP Memecoin Before Mar-a-Lago Event

Large cryptocurrency investors have increased their holdings of the OFFICIAL TRUMP memecoin in recent days, withdrawing significant amounts from exchanges ahead of an exclusive luncheon at President Donald Trump's Mar-a-Lago estate in Florida on April 25.

Blockchain analytics firm Lookonchain reported that one investor transferred 105,754 TRUMP tokens from Binance on Saturday, bringing its total to about 1.13 million tokens, valued at roughly 3.2 million dollars at current prices. Earlier in the week, another holder withdrew 850,488 tokens from Bybit. Data from the blockchain explorer Solscan shows a third wallet adding to its balance to exceed 368,000 tokens after an exit from BitMart, while a fourth surpassed one million tokens following a separate withdrawal from Bybit. These moves indicate accumulation among major holders as the event approaches.

The luncheon invites the top 297 TRUMP token holders, with a private reception reserved for the top 29. Trump is scheduled to deliver the keynote address, an arrangement that coincides with the White House Correspondents Association Dinner in Washington, D.C., on the same day. Access to the event is tied to token ownership, a model...