Whales Scoop 539,000 TRUMP Before Crypto Dinner

Ahead of tomorrow's Trump crypto dinner, a group of whales is increasing the size of their bets on the memecoin.

A trio of whales have tripled down on their bets on TRUMP ahead of tomorrow’s crypto dinner. On-chain data reveals the three cryptocurrency investors splurged $7.5 million to acquire 539,000 TRUMP within minutes on Binance.

Three Whales Triple Down on TRUMP Bets Ahead of Crypto Dinner

According to an X post by Lookonchain, a new wallet withdrew 199,423 TRUMP valued at $2.93M while the second whale splurged $2M to acquire 199,423 TRUMP.

The third whale, also a new wallet, moved 203,229 tokens valued at $2.64M from Binance. The whale purchases come amid a 10% spike in TRUMP price over the last day. At the moment, the memecoin is exchanging hands at $14.80 at press time.

TRUMP price gains come amid crypto dinner hype. The event is set to take place tomorrow and will see the attendance of prominent crypto personalities.

After the snapshot to confirm attendees, prices took a major hit as holders began offloading their tokens. However, the incoming event is triggering fresh accumulation, with daily transaction volumes up by 128%.

TRUMP price can reach $20 during the star-studded dinner with Justin Sun poised to attend the event.

Will Rally Sustain After The Dinner Event

Ahead of tomorrow’s crypto dinner, there is growing speculation that the TRUMP price will sustain the rally. However, investors are hinging their belief on a star-studded lineup that will positively impact the TRUMP price.

Investors are turning to both technicals and fundamentals to figure out the price action ahead of the dinner. Cryptocurrency trader Kamil Shaheen reveals in an X analysis that a price break above $15 will power prices to reach $17.

Fresh whale purchases and prominent crypto personalities are drumming up hype for the event. Justin Sun, a MemeCore executive and Australia-based Kain Warwick will make up the Trump crypto dinner guest list.

However, rising criticisms over a spike in the number of non-US dinner attendees may adversely affect the price. Furthermore, profit taking by investors after the dinner may trigger a steep correction in prices.