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Trump token sees whale accumulation ahead of Mar-a-Lago gala; senators raise questions over event
Some whales have withdrawn large amounts of TRUMP tokens to private wallets, according to Lookonchain.
Apr 12, 2026, 10:52 a.m.
What to know:
- Some whales have withdrawn large amount of TRUMP tokens to their wallets, signaling accumulation.
- U.S. Senators have sent a letter to Fight Fight Fight LLC seeking details on the Mar-a-Lago event, including whether Donald Trump was involved in planning, promotion, or financial benefit.
Outflows from exchanges are said to represent investor intention to take direct custody of coins and hold the same for long-term. Hence, outflows are taken to indicate accumulation and potentially reduce immediate sell-side liquidity in the market.
The accumulation comes ahead of an invitation-only luncheon reportedly limited to the top 297 TRUMP token holders, with the top 29 receiving exclusive VIP access to Donald Trump.
However, TRUMP continues to trade at record lows near $2.80, down 0.2% on a 24-hour basis and over 1% in seven days. The token came under pressure this week after CoinDesk reported the Trump-linked crypto venture World Liberty Financial’s controversial lending strategy on the Dolomite DeFi platform.
