Over 97% of the TRUMP memecoin’s total supply is held by just the top 100 wallets — a concentration so extreme that even aggressive buying by large holders can be easily offset by insider selling.
Whales Move Fast Before April Deadline
This is not the first time a Trump-linked event has triggered a buying surge. Trump held a similar crypto gala in May 2025, and the token climbed to $15.55 in the weeks leading up to it. But it fell as the event approached and continued sliding afterward, settling around $8.89 a month later.
Dominick John, an analyst at Zeus Research, said that retail selling in a thin market is pushing prices down. Supply held by insiders is making things worse — even modest distributions from a few large wallets are enough to cancel out whatever buying pressure the whales bring.
Criticism And Congressional Pushback IntensifyCritics have raised the same concerns about the upcoming luncheon, pointing out that access to a sitting US president is effectively being tied to how much of a speculative digital token someone holds.
Featured image from Getty Images, chart from TradingView
