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Donald Trump-Linked Memecoin Whales Accumulate Ahead of Mar-a-Lago Event
The Official Trump (TRUMP) memecoin surged as much as 60% after the team behind the token announced a second gala event, inviting top holders to Mar-a-Lago, President Donald Trump’s Florida estate, according to data tracked by CoinMarketCap. The rally, which pushed TRUMP from near its all-time low of approximately $2.75 to around $4.40 before settling at $4, was accompanied by a 24-hour trading volume exceeding $1 billion. On-chain analytics firm Lookonchain reported that three newly created wallets withdrew a combined 2.54 million TRUMP tokens, valued at approximately $8.8 million, from Binance within 12 hours of ... (full story)
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