TRUMP Coin (TRUMP) Price: Token Rallies 70% Following Exclusive Dinner News

TLDR

• TRUMP coin team deposited $20 million worth of tokens to exchanges right before the announced presidential dinner
• On-chain activity surged 200% after dinner announcement with nearly 10,000 wallets trading to secure spots
• Token price rallied nearly 70-80% over the past week, reaching around $14-16
• Democratic senators called for an inquiry into the upcoming dinner for top token holders
• Trading volume exceeded $2 billion, accounting for nearly 50% of all meme coin trading volume

The TRUMP coin, a PolitiFi token associated with President Donald Trump, has experienced dramatic price movements and trading activity in recent days. The token’s team deposited approximately $20 million worth of tokens to major cryptocurrency exchanges just ahead of a highly anticipated dinner event with the President.

On April 29, blockchain analytics platform Lookonchain reported that a wallet linked to the TRUMP coin team offloaded significant amounts of tokens to exchanges. Specifically, 700,000 tokens worth about $10.21 million were sent to Binance.

A wallet linked to the $TRUMP team deposited 1,346,000 $TRUMP($19.58M) into #Binance, #OKX, and #Bybit 9 hours ago.https://t.co/Mkk5VIjIFW pic.twitter.com/G4cuIBrQVq

— Lookonchain (@lookonchain) April 29, 2025

The team also deposited 350,000 tokens to OKX and 296,000 tokens to Bybit. This rapid increase in exchange supply has raised concerns among market watchers.

The deposits came shortly after the TRUMP team announced plans for an exclusive dinner with President Trump for the token’s top holders. This event, scheduled for May 18 or May 22, 2025 (reports vary), will host the top 220 token holders.

Market Response to the Dinner Announcement

The announcement triggered an extraordinary surge in on-chain activity. According to Kaiko Research, TRUMP saw a 200% increase in on-chain transactions following the dinner news.

Nearly 10,000 wallets traded TRUMP tokens on the day of the announcement. Many buyers appeared to be attempting to secure spots for the exclusive event.

The token price responded dramatically to the news. TRUMP surged approximately 60-80% within 24 hours of the announcement, climbing from around $9 to between $14 and $16.

TRUMP Price on CoinGecko

Trading volume has been equally impressive. The token saw over $2 billion in trading volume on centralized exchanges, marking its highest daily volume since mid-February and its third-largest trading day on record.

This surge in trading made TRUMP responsible for nearly 50% of all meme coin trading volume on the day following the announcement.

Retail Traders Drive Activity

A fascinating aspect of the recent TRUMP trading activity is the dominant role of retail participants. Wallets containing less than $100,000 worth of tokens drove much of the trading.

The share of wallets transferring smaller amounts of TRUMP increased dramatically after the dinner announcement, rising from the usual 46% to 75%. Transactions under $1,000 accounted for 47.2% of active wallets.

This pattern indicates a significant influx of smaller investors hoping to benefit from the token’s price movement or possibly secure eligibility for the presidential dinner.

Political Controversy Emerges

The event has also drawn political attention. U.S. Senators Adam B. Schiff and Elizabeth Warren have called for an investigation into the dinner.

The senators requested that U.S. Office of Government Ethics Director Jamieson Greer launch a probe into the matter. Their filing expressed concern that the dinner invitation led to increased investment in the token, raising its value by approximately $100 million.

Despite the political controversy, the token maintained much of its gains. TRUMP was trading at around $13.95-$14.29 at the time of reporting, representing weekly gains of nearly 70%.

However, some market indicators suggest caution. Futures open interest dropped by 8% to $734 million, and derivatives market volume declined by 13% to $2.70 billion.

The eligibility rules for the dinner state that only the top 220 average holders between April 23 and May 12 will qualify. This deadline may fuel continued trading activity as holders jockey for positions.

The most recent data shows the TRUMP token price has slightly retraced, down about 1.1% in the 24-hour timeframe, as the initial wave of enthusiasm begins to stabilize.

The TRUMP coin team’s large token deposits to exchanges ahead of this high-profile event have left traders and investors speculating about future price movements amid uncertain market dynamics.