Top Crypto Investors Are Making Bold Moves Into the TRUMP Meme Coin

Driven by the prospect of dining with US President Donald Trump, top crypto investors are making bold moves into the TRUMP meme coin.

Top crypto investors are making bold moves into the TRUMP meme coin, driven by the prospect of dining with US President Donald Trump.

According to blockchain researcher EmberCN, a major investor initially scored early profits of $732,000 but decided to stay in the game rather than cash out.

The whale rolled over the profits along with additional funds to purchase 427,000 TRUMP tokens for around $5.73 million in USDC, paying an average of $13.40 per token.

Of the total amount, $5 million was directly withdrawn from Binance, while the rest came from earlier trading gains.

TRUMP Token Whale Activity. Source: X/EmberCN

The surge in activity has paid off handsomely for Trump and his team. According to blockchain analysis platform Chainalysis, trading fees tied to the meme coin have generated nearly $900,000 for Trump’s associates over the past two days.

Observers speculate that the whale’s aggressive move might be linked to an ambition to rank among the top TRUMP holders.

Earlier this week, reports surfaced that the token’s team will be inviting the top 220 wallets to a May 22 dinner with the US President.

The top 25 holders will also receive access to a special VIP reception and private tour.

This buying frenzy has led to speculation that only those investing hundreds of thousands of dollars could qualify for an invite. Notably, Cryptorank estimated that to be ranked no. 220, holders must possess TRUMP tokens worth over $395,000.

However, the TRUMP project team quickly moved to clear up the confusion, stating that participants are not required to invest large sums to qualify. Instead, they explained that users have misinterpreted the data from blockchain explorers.

According to the team, only wallets listed on the official leaderboard, which tracks time-weighted holdings, are eligible for the dinner, not those on public explorers.

“People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating. Instead, you should only be going off the leaderboard,” the Trump project stated.

As of press time, the “Sun” wallet is comfortably in first place, holding over 1.17 million TRUMP tokens valued at approximately $18 million.

Meanwhile, the user “Emi” currently holds the 220th spot, with 418 time-weighted tokens worth just over $6,000.