Whales Withdraw TRUMP Tokens Post-Dinner Announcement

CoinMarketCap
25 Apr
Key Points:
  • Donald Trump's dinner plan sparked significant TRUMP whale activity.
  • TRUMP price surged over 70% post-announcement.
  • Market volatility and record trading volumes observed.

Donald Trump's exclusive TRUMP token dinner has led to significant financial activity. Within days, tokens moved rapidly as whales withdrew holdings from exchanges. The price spiked notably, reflecting a renewed investor interest driven by the associated incentives.

The announcement's market impact was immediate and substantial. A surge of over 70% brought TRUMP's price to prominence, followed by stabilization at $12.40. Trading volume saw a staggering 548% rise as participants maneuvered their holdings towards self-custody, seeking to qualify for this unique opportunity.

Whale Activity Skyrockets with $15 Million in Withdrawals

Following Trump's announcement, key players like "MeCo" and "Sun" emerged as leading TRUMP holders. "MeCo" withdrew approximately 1.195 million tokens from Binance, registering as the major stakeholder at almost $15.76 million, surpassing the HTX cold wallet "Sun" holding 1.177 million tokens.

The event triggered a significant price surge, exceeding 70%, before settling around $12.40. Exchange withdrawals indicate a strategic preference for self-custody, a necessity to meet dinner event criteria, suggesting increased token confidence.

- Ai 姨, On-chain Analyst, X - "On April 24, 2025, at 10:00 AM UTC, a significant movement in the TRUMP token was observed when a whale with the address HLJ2V...JXYqh withdrew 655,000 TRUMP tokens from Binance at an average price of $12.11 per token, totaling $7.93 million."

Trading Volume Soars 548% Amidst Self-Custody Shift

Did you know? In contrast to typical crypto trends, TRUMP's fusion of a digital asset with high-profile real-world engagement marks a first in connecting meme coins to celebrity-powered events.

As of April 25, 2025, TRUMP's market value positions it at approximately $13.36 with a $2.67 billion market cap. CoinMarketCap indicates a recent 9.26% daily price increase, maintaining a solid 73.12% gain over one week. Circulating supply aligns with strategic plans for the event.

OFFICIAL TRUMP(TRUMP), daily chart, screenshot on CoinMarketCap at 13:50 UTC on April 25, 2025. Source: CoinMarketCap

Some analysts suggest this strategy could become a model for integrating celebrity cachet into digital asset promotions. While regulatory impacts remain unclear, experts recognize the event's potential to reshape cryptocurrency engagement tactics through high-profile real-world participation.

Read original article on coincu.com

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