The official memecoin related to Trump, $TRUMP, is grabbing lots of attention in the crypto world lately because of a big spike in not just volume but also investor interest that is changing its market look.
In the past six hours, $TRUMP’s “mindshare” — a metric we use to measure a token’s share of attention across the crypto community and social media — has jumped to 1.39%. Mindshare is our measure of a token’s visibility and perceived momentum. So for $TRUMP to jump into third place by mindshare among all tokens is something.
With the increase in mindshare comes a sharp rise of 90% in trading volume from previous records. Renewed interest is reflected in the price action as well: $TRUMP is up 10% in the same window, moving into breakout territory as whale wallets prepare for a yet-unknown high-profile real-world event.
Whales Move Big Ahead of Trump Dinner
Stoking speculation and excitement about the token is the much-anticipated “Trump Dinner,” which is set to take place in less than 48 hours. What we know about the event is still somewhat scant, but on-chain activity suggests that some very large and very aggressive investors are staking out positions well ahead of the dinner.
At 5 AM GMT today, a prominent whale tied to the memecoin $Fartcoin made waves with a daring transaction: they plopped down $1.5 million in one fell swoop to buy 102,000 $TRUMP tokens at an average price of $14.70 apiece. This was, by some measures, the largest individual trade in the token’s short history and came as a pretty clear signal of renewed whale confidence.
However, the activity isn’t confined to just 24 hours. Over the last day, we’ve seen several heavy transactions indicating that whales are not only buying $TRUMP, but are in fact accumulating it wholesale in a pretty wild manner, with some even pairing it with substantial buys of other meme tokens like $Fartcoin. For instance, a new wallet set up just recently and labeled H7EZf5, withdrew from Binance not long ago, and no, I’m not exactly sure how long ago, but it was approximately 50 minutes before I started writing this, a sum of 199,423 $TRUMP, which even at 50 cents a token, and Binance did price it at 50 cents, amounts to $2.93 million worth of $TRUMP.
Another colossal wallet, known as 2WfeaM, made two gigantic buys—shelling out $2 million in USDC to grab 136,398 $TRUMP and another $2 million to snap up 1.5 million $Fartcoin. The two-pronged move into both tokens suggests that some whales are counting on a crossover effect or some other shared, bullish catalyst. But what could possibly link these two very different projects? Let’s take a look at each.
Only yesterday, an active new wallet, BjMq5B, pulled out from Binance 203,229 $TRUMP (worth $2.64 million). This serves to emphasize yet again the scale of either institutional or semi-institutional involvement in the token that we’re seeing ahead of the dinner.
The #Trump dinner is approaching, and 3 whales are bullish, buying $TRUMP.
Fresh wallet H7EZf5 withdrew 199,423 $TRUMP($2.93M) from #Binance 50 minutes ago.
Whale 2WfeaM spent 2M $USDC to buy 136,398 $TRUMP and spent 2M $USDC to buy 1.5M $Fartcoin 10 hours ago.
Fresh wallet… pic.twitter.com/Ohvslp5mHf
— Lookonchain (@lookonchain) May 21, 2025
What Could the Dinner Mean for $TRUMP’s Future?
The impending Trump Dinner is all the buzz in the market, but what will it actually mean? It’s too soon to tell. What we do know is that events like this one — especially those connected with well-known public figures or political personas — can be potent narrative and psychological unknowns in the memecoin market. And when it comes to the dinner itself, we’re also not quite sure what to make of its association with an ex-president whose star seems to be on the rise again in 2025.
Also, the accumulation by major players and withdrawal patterns from centralized exchanges indicate that these extensive crypto asset holders are positioning themselves for something. One obvious possibility is that these token holders expect the Bitcoin network to become, in the very near future, a much more visible and much more in-demand thing than it is now. And the way these extensive holders are acting is consistent with the idea that they expect it to be very much in demand and very much visible.
Traders, though, should be wary. With memecoins that are pushed by narrative hype and social sentiment, it’s often the case that they’re extremely volatile. When you look at this on a play basis, it’s even more dangerous, because influence from whales tends to disproportionately pump up the prices and then the returns of those coins when they crash. Still, the incoming data paint a clear picture of a project that’s enjoying increased mindshare and is in the early stages of a potential breakout. Crypto’s most active wallets are certainly taking notice.
It is yet unclear whether this signals the start of a bull cycle for $TRUMP that will last over the long-term or a surge that is just very well-timed. But as we move toward the Trump Dinner, momentum is building, and it is becoming inevitable that the next chapter in this real-time story involving the token will be written before our very eyes.
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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