TRUMP Token: Whales Accumulate Amidst Controversy and Gala

Despite ongoing political wrangling, the TRUMP token linked to the Trump family has attracted significant investor attention.

Main investors are leading a wave of hoarding to obtain VIP tickets to the exclusive Trump Gala Dinner. On April 28, 2025, an investor known as "MeCo" transferred 190,987 TRUMP tokens from Binance, bringing his total holdings to 1.389 million TRUMP tokens, with a total value of $20.59 million.

"This guy who had sold $TRUMP before the dinner news spent $5.2 million USD to buy back $337.560 $TRUMP at $15.39 eight hours ago," Lookonchain said on X.

MeCo occupies the second most important position in the race for dinner seats, with Justin Sun leading the way. Another major investor bought 92,460 TRUMP tokens during the same period, entering the top 125 holders.
One trader traded 1.18 million Fartcoin for 78,671 TRUMP tokens on 27 April, followed by a whale who made an investment of $5.73 million on 26 April.

Also on 26 April, a whale transferred 413,530 TRUMP tokens from a centralised exchange.
These transactions highlight a clear trend: major token holders accessing the Trump Gala Dinner are the whales who accumulate TRUMP tokens.

Political Scrutiny and Market Volatility

The token TRUMP has experienced exceptional market growth, rising 84% in value over the past week compared to other cryptocurrencies. In nine days, TRUMP's spot trading volume on Binance increased by 202%. The Trump Gala Dinner now finds itself at the centre of an intense political investigation.

On 25 April 2025, US Senators Adam Schiff and Elizabeth Warren approached the US Office of Government Ethics to request an investigation into the event.

The senators allege that investors paid for political favours through the event, which they describe as a 'pay-to-play' system.
A private dinner for key TRUMP token holders, scheduled for 22 May 2025 and promised by Trump, caused the token's value to increase by more than $100 million.

Public concerns have emerged about the Trump family's possible use of their political power to gain financial advantage.
Schiff and Warren are investigating whether Trump or his family received advice on how to profit from digital assets during his presidency, and what protections prevented people from buying political access through investments in the TRUMP token.

"First Donald Trump launches a memecoin earning billions. Then his family also participates in the scheme. Now his billionaire friends are getting even richer. The most brazen corruption imaginable,' said Schiff.

The current debate has sparked large-scale discussions on how cryptocurrencies intertwine with politics, aided by the increased participation of public figures in the crypto market.
Trumours are circulating that Trump may use the gala to launch his new NFT project.

The accumulation of TRUMP tokens ahead of the Trump Gala Dinner highlights how its financial success stems from political relevance combined with social influence.
Upbeat market data indicates investor confidence, but the political issues surrounding the event pose significant risks. Investors should closely monitor both market movements and regulatory developments.