Top crypto investors are making bold moves into the TRUMP meme coin, driven by the prospect of dining with US President Donald Trump.
On April 26, blockchain researcher EmberCN flagged notable whale activity around the TRUMP token.
Whale Activity Surges as TRUMP Token Holders Aim for Presidential Dinner Invites
EmberCN reported that a major investor initially gained $732,000 in early profits but chose to stay in the game rather than cash out.
The whale reinvested the profits along with additional funds. They purchased 427,000 TRUMP tokens for around $5.73 million in USDC, paying an average of $13.40 per token.
Of the total amount, $5 million was withdrawn directly from Binance, while the rest came from earlier trading gains.
The surge in activity has paid off handsomely for Trump and his team. According to blockchain analysis platform Chainalysis, trading fees tied to the meme coin have generated nearly $900,000 for Trump’s associates over the past two days.
Observers suggest the whale’s aggressive move reflects an ambition to rank among the top TRUMP holders.
Earlier in the week, reports emerged that the token’s team will invite the top 220 wallets to a May 22 dinner with the US President.
The top 25 holders will also receive access to a special VIP reception and private tour.
The buying frenzy fueled speculation that only those investing hundreds of thousands of dollars could secure an invite.
Notably, Cryptorank had estimated that to rank within the top 220, holders must possess TRUMP tokens worth over $395,000.
However, the TRUMP project team moved swiftly to clear up the confusion. They emphasized that participants are not required to invest large sums to qualify.
Instead, they explained that users had misinterpreted the data from blockchain explorers.
According to them, only wallets listed on the official leaderboard, which tracks time-weighted holdings, are eligible for the dinner, not those on public explorers.
“People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating. Instead, you should only be going off the leaderboard,” the Trump project stated.
As of press time, the “Sun” wallet sits comfortably in first place, holding over 1.17 million TRUMP tokens valued at approximately $18 million.
Meanwhile, the user “Emi” currently holds the 220th spot, with 418 time-weighted tokens worth just over $6,000.
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