A crypto wallet that had lain silent for five months suddenly sprang to life, accumulating more than $7 million in TRUMP tokens just as the official team announced a second gala event for top holders. Within hours, the position was showing an unrealized gain of roughly $2.47 million.
Four Trades, $7M in TRUMP
Onchain data from Arkham Intelligence reveals the wallet started buying from Binance's hot wallet at 01:49 UTC on March 13. The first transaction was a single-token test buy, followed by two purchases of about 1 million tokens each, worth a combined $6.23 million, and a final 200,000-token buy worth $742,000. In total, the wallet accumulated roughly 2.2 million TRUMP.
The move came hours after the TrumpMeme account on X announced a conference and gala luncheon at Mar-a-Lago on April 25. The event is open to the top 297 TRUMP holders by time-weighted average balance between March 12 and April 10.
Token Spikes From All-Time Low
TRUMP had dropped to a record low near $2.71 earlier that day. Following the gala news, it surged to $4.50 before pulling back to around $3.90 — still a gain of roughly 44% from the trough. The wallet's holdings were valued at $9.44 million at time of publication, per Arkham data.
Echo of a Controversial Dinner
The new gala mirrors a dinner held at Trump National Golf Club in May 2025, which drew criticism over presidential access as a token-holding incentive. A disclaimer on the new event's website states Donald Trump will appear in a personal capacity with no private meetings.
Despite the rally, TRUMP remains down roughly 96% from its all-time high of around $74 set in January 2025 before Trump's inauguration.