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Mar-a-Lago Perk Fuels TRUMP Token Rebound as Whale Count Hits Five-Month High

A luncheon reserved for the largest holders has become a direct catalyst for accumulation and short-term price recovery.

Overview

  • Trump’s team confirmed an April 25 Mar-a-Lago luncheon for the top 297 TRUMP holders, with the top 29 eligible for a private reception subject to background checks and rankings based on a time-weighted leaderboard.
  • Santiment data shows 83 wallets now hold more than 1 million TRUMP, the highest level in five months after a prior trough in October.
  • Lookonchain reported a BitGo custody wallet moved 1.5 million TRUMP to a new address following a small test transaction.
  • The token rallied from multi-month lows near $2.7 to intraday highs around $4.35–$4.508, then eased to roughly $3.4–$3.7 as momentum paused near a supply zone.
  • Ownership remains heavily concentrated—the top 10 wallets control over 91% and the top 100 hold about 95–97%—while ethics-focused bills to restrict officials’ crypto profits remain stalled and last year’s gala rally was followed by a post-event slide.