TRUMP whales load up as Mar-a-Lago luncheon approaches

Large holders, known as 'whales,' of the TRUMP memecoin are increasing their holdings in anticipation of a luncheon event at Donald Trump's Mar-a-Lago residence on April 25. This event is exclusive to the top 297 token holders, with the top 29 invited to a private reception. Despite the event, the TRUMP token has seen a price drop of over 33% since its March announcement, trading at $2.80. Analysts attribute the decline to market selling overwhelming thin liquidity and insider supply overhang. The token's price had previously spiked after a similar event announcement in May 2025, but subsequently fell. Experts suggest potential recovery catalysts include the 2026 midterms and event-driven launches like the 'Trump Billionaire Game.'

(Source：Cointelegraph)