All three remain in limbo. Meanwhile, the event they were partly designed to address is moving forward as planned.
The market reacted fast. In the days after the luncheon was announced, the token jumped more than 50%, briefly touching $4.35.
Data from analytics platform Santiment shows the number of wallets holding over 1 million TRUMP tokens has climbed to over 80 — the highest count since October 8 last year. At roughly $3.7 million per wallet at current prices, these are not small positions.
As of Wednesday, TRUMP was trading at $3.70, up 25% over the past seven days, according to CoinGecko.
Tether CEO Paolo Ardoino is among those scheduled to attend and speak at the April event. Zeus Research analyst Dominick John said that Ardoino’s presence could shift the gala from a social gathering into something closer to a product showcase.
“His appearance could transform the event into a progress showcase for the TRUMP token,” John said.
Last Year’s Gala Offers A Possible PreviewTrump held his first token-holder dinner in May 2025, drawing crypto executives, anonymous traders, and sports figures including NBA champion Lamar Odom. Tron founder Justin Sun attended as the largest tokenholder at the time.
The pattern from that event is instructive. The announcement in late April sent the price to $15.58. By the night of the dinner on May 22, it had slipped to $14.50. A month later, it sat at $8.90.
John expects history to repeat. “Historically, Trump events show an announcement-driven hype phase followed by a gradual post-event downtrend,” he said. “This event will follow a similar trajectory, unless new developments are unveiled around this event.”
The luncheon is still five weeks away. Whether the price holds — or follows last year’s slide — remains to be seen.
Featured image from Unsplash, chart from TradingView
