Trump Memecoin Skyrockets — But Are Whales Planning Their Exit?

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The $TRUMP memecoin has been making waves in the crypto world, especially following a recent announcement by President Trump that the top holders would be invited to a Gala Dinner.

TRUMP Coin Sees Over $869 Million Outflows

As per data from analytics firm Nansen, as of April 2025, TRUMP coin witnessed over $869 million in outflows from the top 500 wallets. Only $96 million in inflows were recorded over the week.

This comes at a time when Trump has announced a Gala Dinner for the top 220 TRUMP holders at his Washington, DC golf club. Analytics firm Nansen reports that the top 100 wallets bought around 940,000 more tokens within an hour of the announcement.

The outflows suggest that some large holders might have opted to cash out instead of following the crowd. Nansen noted that more people sold the tokens than bought them. A few new buyers jumped in with some aiming to profit from the price swings, while others were simply hoping to secure a dinner invite.

One whale sold 407,467 TRUMP for $5.73M, making $731K in just 30 minutes. Another spent $5M to buy 407,467 TRUMP at $12.27. A liquidity provider pulled $2.76M in TRUMP and SOL, pushing their wallets into the top 220 holders. Additionally, a wallet withdrew 1.5M USDC to buy 123,228 TRUMP, likely to secure a dinner invite.

Since Wednesday’s announcement, 27 anonymous wallets bought over 100,000 $TRUMP coins each, totaling about $1 million. The largest purchase was 2 million coins, worth around $24 million.

As of April 2025, Tron founder Justin Sun reportedly topped Trump’s memecoin leaderboard, owning 1,176,803 TRUMP coins worth over $14 million. The wallet, under the name “Sun,” has sparked speculation that it could be Justin Sun’s, who has also invested $30 million in World Liberty Financial, a firm backed by Trump.

Arkham Intelligence in a recent X post shared that one of the biggest holders of TRUMP, ‘Boop’, spent $300K worth of FARTCOIN to buy more TRUMP and stay in the top 25 holders for Trump’s dinner. He earlier made $1.75M from a $107K TRUMP investment.

Other tokenholders included usernames like “Elon” and “Doge,” raising questions about whether Musk was involved. With the team behind TRUMP controlling 80% of the total supply, critics claim that Trump or someone in his family could still pull a rug-pull on investors.

Launched in January before Trump’s presidency, the memecoin has faced criticism from several lawmakers and crypto leaders over potential conflicts of interest. Trump coin surged 73% over the Dinner announcement, rising to $15.47. At the same time, the scheduled release of 40 million tokens was delayed by 90 days. TRUMP remains 83% below its ATH of $75.35.