TRUMP token price drops 33%; whale holdings become more concentrated
According to Cointelegraph, the TRUMP token surged 50% following its March announcement of a luncheon at Mar-a-Lago but has since declined over 33% as of this Monday, currently trading at $2.80.
Blockchain analytics firm Lookonchain reported that several crypto whales have recently withdrawn large quantities of TRUMP tokens from exchanges including Binance and Bybit; some individual addresses now hold over 1 million TRUMP tokens—valued at approximately $3.2 million. The luncheon is scheduled for April 25, with the top 297 TRUMP holders invited to attend, and the top 29 eligible for a private reception.
CoinCarp data shows that over 91% of the token supply is concentrated in the top 10 wallets. Analysts note that limited market liquidity and high concentration of holdings amplify price volatility, and future price movements may be driven by the U.S. midterm elections and related events.
