Whale activity around Official Trump (TRUMP) is intensifying. Large holders are accumulating tokens ahead of the crypto conference and gala dinner, which will take place on April 25 at Donald Trump‘s Mar-a-Lago residence.
According to on-chain tracker Lookonchain, one wallet withdrew 850,488 TRUMP worth about $2.4 million from Bybit in the past two days. Another address withdrew 105,754 TRUMP from Binance.
This wallet now holds 1.13 million tokens, valued at about $3.2 million.
Whales Accumulate Meme Coin TRUMP
On-chain data from Santiment shows a clear redistribution of tokens after the event was announced on March 12. The largest holders, who have from 10 million to 100 million tokens, initially reduced their positions. Their volume dropped from 320.09 trillion to 307.95 trillion by the end of March.
Later, the situation changed. By April 12, their reserves had risen again and reached 310.1 trillion tokens.
Data on major TRUMP holders. Source: Santiment
Meanwhile, whales with a balance from 1 million to 10 million tokens acted differently. Over the same period, they increased their positions by 5.56 trillion tokens, bringing the total volume to 166.94 trillion.
A similar trend is seen among wallets with 100,000 to 1 million tokens. Their reserves grew by 5%, from 96.59 trillion to 101.46 trillion.
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It was previously reported that 297 of the largest holders will get a spot at the conference. And the 29 largest wallets will get VIP access to a closed meeting with the president.
After the announcement in March, TRUMP rose by more than 50% and briefly reached $4.49. However, the token then lost all those gains. As of April 12, it was trading at around $2.8.
TRUMP price dynamics. Source: TradingView
Overall, since the start of 2026, the meme coin has fallen by more than 41%, and in just the past month has lost over 11%.
Less than two weeks remain until the event, and against this backdrop, an interesting situation is developing. On the one hand, whales continue to accumulate the token. On the other, the price remains under pressure. This divergence could lead to increased volatility for TRUMP holders in the near future.
