Trending Now - Trump Supporters Stock up Ahead of Mar-a-lago Luncheon

WHO:

NewsBTC - President Trump is hosting a private luncheon at Mar-a-Lago.

Cointelegraph - Large holders of the TRUMP token, referred to as "whales," are accumulating the token ahead of the event.

WHAT:

NewsBTC - Over 97% of the TRUMP memecoin's total supply is held by the top 100 wallets.

NewsBTC - A wallet withdrew approximately 105,754 TRUMP tokens from Binance, valued at around $298,000.

NewsBTC - Another wallet withdrew 850,488 TRUMP tokens from Bybit, valued at approximately $2.4 million.

Cointelegraph - The TRUMP token spiked more than 50% to a peak of $4.35 after the luncheon announcement on March 12, 2026, but has since dropped more than 33% to trade at $2.80 as of April 11, 2026.

WHERE:

NewsBTC - The luncheon is scheduled to take place at Mar-a-Lago estate in Florida.

NewsBTC - The event coincides with the White House Correspondents' Association Dinner in Washington, DC.

WHEN:

NewsBTC - The private luncheon is scheduled for April 25, 2026.

NewsBTC - The TRUMP token price jumped to $4.30 when the luncheon was announced on March 12, 2026.

WHY:

NewsBTC - Only the top 297 token holders receive an invitation to the Mar-a-Lago event, with the top 29 holders getting access to an additional private reception.

NewsBTC - Critics have accused Trump of using his office for personal financial gain through the token project.

HOW:

NewsBTC - Large holders are pulling significant amounts of the TRUMP token off exchanges in anticipation of the event.

NewsBTC - The price of the TRUMP token is influenced by retail selling in a thin market, with insider holdings affecting price stability.

(UPDATED April 13, 2026 11:20 UTC)

President Trump is set to host a private luncheon at Mar-a-Lago April 25th, with only the top 297 holders of the TRUMP token receiving invitations, while the top 29 will have access to an exclusive reception. Ahead of the event, large holders, known as "whales," are withdrawing significant amounts of the TRUMP token from exchanges, with one wallet pulling out over 850,000 tokens valued at approximately $2.4 million. The TRUMP token saw a spike of more than 50% to a peak of $4.35 following the luncheon announcement March 12th, but has since dropped over 33% to trade at $2.80 as of on Saturday.