TRUMP meme coin soars 60% after Mar-a-Lago event announcement

The Solana-based TRUMP meme coin experienced a rally of over 60%, climbing from approximately $0.27 to nearly $0.45, after news broke about an exclusive crypto and business conference scheduled at Mar-a-Lago, where President Donald Trump is set to deliver a keynote address on April 25.

Data from Lookonchain indicates that large investors, or whales, are accumulating the token, with three new wallets withdrawing a combined 2.5 million TRUMP, valued at about $8.8 million, from Binance. Notably, one of these traders had previously incurred significant losses on the MELANIA meme token.

At the time of reporting, TRUMP was trading at $4.2, marking a 50% daily increase, with trading volume exploding by roughly 1,000% to surpass $1 billion. Entry to the limited-access event depends on a leaderboard tied to TRUMP token holdings, with the top 29 holders receiving VIP perks, including a private reception with Trump. This follows a similar event last May, the TRUMP Gala Dinner, which also caused the token to soar.

(Source：Crypto Briefing)