The memecoin TRUMP saw a sharp price increase after the announcement of an event with Donald Trump, set to take place at the end of April in Florida. Large holders also increased their positions. This has drawn more attention to the token’s distribution structure and the influence of whales.
The gala dinner is scheduled for April 25 at the Mar-a-Lago residence, with 297 of the largest holders invited. Among the announced participants is Tether CEO Paolo Ardoino.
Following the announcement, the token surged by more than 50%, reaching a peak of $4.36. By midweek, TRUMP is trading at $3.68, up nearly 27% over the past seven days.
Whales Increased Control Over Supply
Amid the price rally, the number of large holders has grown: according to Santiment, the number of wallets holding more than 1M TRUMP reached 83 — the highest level since October of last year. The total value of these holdings is estimated at around $3.7 M.
At the same time, the token distribution remains highly concentrated. According to CoinCarp, more than 91% of the supply is controlled by the top 10 wallets, while over 97% is held by the top 100. In total, there are 642,882 holders.
This structure increases the influence of a small group of participants on the market and makes the price highly dependent on their actions.
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