After the luncheon announcement on March 12, the TRUMP token spiked more than 50% to a peak of $4.35; however, it has dropped more than 33% to trade at $2.80 as of Monday.
Crypto whales have continued to load up on the TRUMP memecoin ahead of the luncheon at US President Donald Trump’s Mar-a-Lago residence in Florida this month, which offers entry to the largest holders.
One whale withdrew about 105,754 TRUMP from Binance on Saturday to add to its stash of 1.13 million TRUMP, worth about $3.2 million, according to blockchain analytics firm Lookonchain said in an X post on Sunday.
Two days earlier, another whale withdrew 850,488 Trump from the crypto exchange Bybit.
