On-chain data shows that whales are making brave actions and smart money moving to Official Trump (TRUMP), a meme coin featuring President Trump. According to today’s data from On-chain Lens, a whale has spent $3.58 million USDC to purchase 278,196 TRUMP at a price of $12.89 and deposited it into OKX.
Whale’s calculated gambit
Amid recent impressive performance, this investor’s purchase suggests a deliberate tactic, believing that the TRUMP meme coin could continue making future upturn potential.
This massive acquisition indicates confidence in Trump’s potential amidst the current price trend displaying upward pressure. This huge accumulation happens at a time when Trump sees a remarkable recovery, suggesting that buying pressure is currently in control. Today, the token’s price jumped by 28.2%, placing its current at $12.48. Also, the asset has been up 59.3% and 9.1% over the past week and one month ago.
This shows that whales are increasingly buying the token, positioning themselves for further price increase prospects. Whales often buy when they believe in a token’s long-term potential. By strategically acquiring TRUMP at current prices, large investors are positioning themselves for future price growth. This accumulation period could result in an upturn movement if investor sentiment and the broader market improve.
The TRUMP dinner event
Substantial developments within the TRUMP market seem happening after the pronouncement of the “TRUMP Dinner.” Yesterday, April 23, 2025, a whale bought more than 400,000 TRUMP coins worth $4.908 million. Today, the above-stated whale made another significant purchase of 278,196 TRUMP tokens valued at $3.58 million.
While the move by these big investors has aroused curiosity within the crypto community, the “TRUMP Dinner” pronouncement seems to have been the factor behind these massive investments. The dinner event probably attracted immense interest and enthusiasm, motivating whales to take advantage of the token’s possible upward move.
Yesterday, TRUMP surged by over 70% after the US President announced two special dinner events for TRUMP coin top investors. According to the announcement, 220 largest Trump meme coin holders will be invited to attend a private festive dinner with the president on May 22. Another super-exclusive private VIP guest event will host the top 25 token holders.
The whale’s acquisition of 278,196 TRUMP coins following the “TRUMP Dinner” pronouncement is a significant event in the digital asset market. This activity showcases possible massive investments in the coin and highlights the significance of major announcements and events in influencing market forces. Investor response to this event will be significant for determining the future movement of the TRUMP token and its position in the wider crypto market.
