Once more, the memecoin market is aflame—and this time, it’s the politically charged $TRUMP token that’s capturing the spotlight.
In the wake of an announcement going viral about a “TRUMP Dinner” campaign, the token has seen an astonishing surge, with its value rising over 90% and in just days since the announcement. Speculative trading is now driving the token’s price higher, and it’s decentralized and centralized exchanges that are benefitting mightily, with trading volume hitting record levels.
The latest catalyst, a social-driven initiative tied to a dinner related to the $TRUMP token, has brought together the token’s community and fanned renewed interest throughout the memecoin world. Trading, meanwhile, has gone into overdrive across most meaningful dimensions. Daily spot trading volume is gunning for $1 billion, with combined spot and futures trading volume lightspeeding past a staggering $2.78 billion in just one 24-hour window. This places $TRUMP in at least the top three most actively traded assets in the whole crypto market for the day.
Explosive Volume and Whale Accumulation
The transformation has been astonishing. As @ai_9684xtpa disclosed on April 27, spot trading volume touched a breathtaking $940 million, while decentralized exchange (DEX) volume roared to $489 million—both achieving impressive landmarks for the token. Volatility was a comical 112%, emphasizing the exciting combo of speculative interest and raucous price action. The token’s price rocketed up 94.6% during the day, and you have to like the looks of the hearty underlying forces here: oodles of retail excitement and signs of institutional accumulation.
$TRUMP token has surged over 90% since the announcement of Trump’s $TRUMP dinner plan. Binance $TRUMP spot trading volume has skyrocketed, up 202% in the last 9 days.
On April 27, @ai_9684xtpa reports:
🔹Spot volume hit $940M in a single day
🔹Total spot and futures 24h volume… pic.twitter.com/cQz4H6btke
— Followin (@followin_io) April 27, 2025
Involvement of large holders and institutions in crypto, especially in the case of $TRUMP, is noteworthy. Just before the latest report, MemeCore_ORG, which holds the second-largest amount of $TRUMP, added 191,000 tokens to its holdings. That brought total holdings of $TRUMP to an impressive 1.389 million tokens, or 0.6234% of the total supply. Sun’s wallet is believed to be associated with HTX and potentially linked to Tron founder Justin Sun, but even it does not hold as much $TRUMP as MemeCore_ORG. Moreover, time-weighted scores, which take into account how long a certain wallet has held its tokens, show that Sun’s wallet is 117,000 points ahead of MemeCore_ORG in terms of total score.
你们的欢乐豆哪里领的，甚至开始角逐 $TRUMP 晚宴榜单 TOP1 了？🥹
当前 TOP2 机构 @MemeCore_ORG 2 小时前再次提出 19.1 万枚代币，总持仓 138.9 万枚已超过用户「Sun」，但时间加权后的分数仍相差 11.7 万分，后者为 HTX 冷钱包但社区猜测归属于 @justinsuntron
钱包地址https://t.co/xwC2ALuSAk… https://t.co/psxGA8xMiz pic.twitter.com/YBlPo3eUvz
— Ai 姨 (@ai_9684xtpa) April 28, 2025
Whales have also joined the battle with exactness. The wallet address 2muGo…WsJTh recently withdrew 92,460 $TRUMP tokens from Binance and holds 104,700 tokens, putting it in the top 100 of the so-called “TRUMP Dinner” leaderboard. This list ranks holders by the amount of $TRUMP they possess. In the $TRUMP community, this list has become a status symbol.
TRUMP Dinner Campaign Sparks Competitive Frenzy
The event known as the “TRUMP Dinner” has morphed into a gamified frenzy, with people working to accumulate Trump tokens and tracking their leaderboard position as they do. Speculation about just what this dinner event is and how you get in has driven a lot of recent activity, with folks evidently trying to climb the ranks. Rewarding that behavior seems to be the intention.
巨鲸 2muGo…WsJTh 3 小时前从 #Binance 提出 92460 $TRUMP ，目前已持有 104700 枚代币，成功跻身 TRUMP 晚宴 TOP86
当前晚宴名单 TOP 220 地址的 TRUMP 持仓数量悬殊极大，TOP1 持有 122.6 万枚（1771 万美元）而最少的地址仅持有 0.766 枚（11 美元）
本文由… https://t.co/psxGA8yk87 pic.twitter.com/h6BIHUTrGe
— Ai 姨 (@ai_9684xtpa) April 28, 2025
At present, the leading 220 addresses vying for a place at the metaphorical (or perhaps literal) table show remarkably different degrees of dedication. The address that ranks highest in this competition holds an eye-popping 1.226 million tokens, which translates into roughly $17.71 million at today’s prices. And at the bottom end, the address that ranks lowest in this contest holds a mere 0.766 tokens, which are worth about 11 dollars—a striking tableau of the diverse kinds of participation.
Not only has the campaign driven price action for the token, but it has also reinaugurated community engagement. For holders of the token, daily leaderboard watching, speculation, and meme-making have become daily fixations. Critics of such hype-driven campaigns dismiss them as community-building exercises and assert that the liquidity they generate is short-lived. Yet supporters argue that such community-building is the foundation for any market and that generating short-term liquidity is a necessary precondition for any market meme’s success.
Looking Ahead: Hype or Harbinger?
It is undetermined whether the rally of the $TRUMP token means the commencement of a bull run or just the crest of a wave of another memecoin. Yet what cannot be denied is the enormity of its price action and the breadth of investor interest.
The memecoin sector is still evolving, and $TRUMP’s potential is clear: it could be used as an extended political branding tool for the Trump campaign, gamified in a way that keeps its holders engaged, while also serving as an object of speculative interest to big-name investors and figures on Wall Street.
One thing remains certain: at the moment, the $TRUMP dinner is providing an excellent opportunity for maximum volatility, the appearance of community intrigue, and the appearance of breakneck gains.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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