TechFlow News: According to a Cointelegraph report on April 13, the TRUMP token surged nearly 50% following the March announcement of a luncheon to be held at Mar-a-Lago. However, as of this Monday, its price had fallen over 33%, trading at $2.80.
Data from blockchain analytics firm Lookonchain shows that several crypto whales have recently withdrawn large amounts of TRUMP tokens from exchanges including Binance and Bybit. Some individual addresses now hold over one million TRUMP tokens—valued at approximately $3.2 million. The luncheon is scheduled for April 25; the top 297 TRUMP token holders are invited to attend, while the top 29 will be granted access to a private reception.
CoinCarp data indicates that over 91% of the token supply is concentrated in the top 10 wallets. Analysts note that market liquidity is limited, and such high concentration of holdings amplifies price volatility—potentially making the token more sensitive to mid-term elections and related events going forward.
