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A previously inactive cryptocurrency wallet has made headlines after purchasing $1.5 million worth of TRUMP tokens, a popular presidential meme coin. This activity comes shortly after an announcement regarding an exclusive dinner event for top token holders. The surge in activity highlights growing interest in this unique digital asset.

Inactive Wallet Acquires $1.5 Million in TRUMP Tokens

On April 24, a wallet that had been dormant for five months withdrew 1.5 million USDC from Binance and used it to purchase 123,228 TRUMP tokens. Each token was valued at approximately $12.17 during the transaction. According to on-chain data, this move comes as interest grows in securing top-tier positions within the TRUMP token ecosystem.

The on-chain analysis platform speculated that the wallet owner may be aiming to accumulate more tokens to qualify for a seat at the exclusive $TRUMP dinner event. This announcement has significantly impacted trader behavior and token prices.

Price Surge Following Exclusive Dinner Announcement

Since the project team revealed plans for an exclusive dinner with former U.S. President Donald Trump for the top 220 token holders, the TRUMP token’s value has skyrocketed. The price surged by as much as 70%, driven by traders eager to participate in the event. On the day of the announcement, the token reached a high of $16.03 before retracting slightly to its current value of $12.46. Despite the minor pullback, the token has gained over 32% in the past 24 hours.

The daily trading volume of TRUMP tokens has also seen a dramatic increase, soaring nearly 500% to $5.4 billion within a single day. This surge underscores the impact of the dinner event on trader enthusiasm and market activity.

Liquidity Pool Concerns and Market Reactions

Just a week before the announcement, the developer team faced scrutiny after removing $4.6 million USDC from the token’s liquidity pool. This action sparked speculation among traders about a potential rug-pull or large-scale sell-off. Despite these concerns, the recent dinner announcement has overshadowed skepticism, reigniting interest in the token.

Who Can Attend the Exclusive TRUMP Dinner?

According to the official announcement, only the top 220 holders of TRUMP tokens will receive invitations to the dinner event with Donald Trump. Interested traders can attempt to qualify by connecting their wallets and registering on the project’s website. The exclusive dinner is scheduled for May 22, 2025.

In addition to the dinner announcement, the development team has introduced measures to encourage long-term holding. They have delayed the initial token unlock and the next three months of daily unlocks by 90 days each. This decision appears to aim at reducing short-term selling pressure and maintaining price stability ahead of the event.

Key Takeaways

  • An inactive wallet recently purchased $1.5 million in TRUMP tokens, fueling speculation about its motives.
  • The TRUMP token’s price surged by up to 70% following the announcement of an exclusive dinner for top holders.
  • Daily trading volume spiked by nearly 500%, reaching $5.4 billion in the past 24 hours.
  • Concerns over liquidity pool adjustments have been temporarily overshadowed by renewed interest in the token.
  • Only the top 220 token holders will receive invitations to the dinner event with Donald Trump on May 22, 2025.

As the TRUMP token continues to capture attention, traders and investors remain focused on the upcoming event and its potential impact on the token’s market performance. Stay informed with the latest cryptocurrency news and updates.

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