Large-scale crypto investors are ramping up their holdings of the OFFICIAL TRUMP memecoin to secure access to an exclusive gathering at Mar-a-Lago later this month.

Blockchain analytics firm Lookonchain reported on X this Sunday that one major holder moved 105,754 tokens off Binance to bolster a total stash of 1.13 million TRUMP, currently valued at approximately $3.2 million. 

Data from the blockchain explorer Solscan shows that another whale pulled 850,488 tokens from Bybit last Thursday, while further activity on Monday saw a third investor increase their balance to 368,000 tokens via BitMart. A fourth whale also surpassed the one-million-token mark following a separate withdrawal from Bybit.

These accumulations come as the April 25 luncheon in Florida approaches. The event guarantees entry for the top 297 token holders, with the president scheduled as the keynote speaker. 

An even more exclusive private reception is reserved for the top 29 holders. The timing has drawn notice as the gala coincides with the White House Correspondents’ Association Dinner in Washington, D.C.

Market volatility and supply concentration

Despite the buying spree from high-net-worth individuals, the token’s price has struggled to maintain its momentum. After hitting a high of $4.35 following the initial event announcement in March, TRUMP has slid 33% to trade at $2.80 as of Monday. 

CoinCarp data highlights a significant concentration of wealth within the project, noting that while there are over 642,000 holders, the top 10 wallets control 91% of the total supply.

The setup mirrors a similar “crypto gala” held in May 2025 shortly after the inauguration. During that cycle, the token reached a high of $15.59 a month before the dinner but retreated to $8.90 in the weeks following the event. 

Critics and Democratic lawmakers have raised concerns over the ethics of the arrangement, with some introducing legislation aimed at curbing personal profits and political influence tied to memecoin schemes.