Crypto Whales Boost TRUMP Token Holdings Amid Political Controversy and Market Surge
Crypto Whales Accelerate TRUMP Token Accumulation Despite Growing Political Scrutiny
Despite mounting political controversy surrounding the Trump Gala Dinner, major cryptocurrency investors — often called "whales" — continue to accumulate significant amounts of the TRUMP token, a meme coin tied to the Trump family name.
Recent blockchain data highlights a sharp uptick in whale activity. On April 28, 2025, a prominent investor known as "MeCo" withdrew nearly 191,000 TRUMP tokens from Binance, increasing their holdings to 1.389 million tokens — valued at approximately $20.59 million. MeCo currently holds the second-largest stake among those competing for VIP access to the exclusive Trump Gala Dinner, trailing only prominent entrepreneur Justin Sun.
On the same day, another major investor expanded their portfolio by adding over 92,000 TRUMP tokens, securing a place among the top 125 holders. Earlier, on April 27, a savvy trader exchanged 1.18 million Fartcoins for nearly 79,000 TRUMP tokens, while a separate whale purchased $5.73 million worth of TRUMP on April 26. That same day, another significant withdrawal of 413,530 tokens from a centralized exchange added fuel to the accumulation trend.
The motivation behind these substantial transactions appears clear: securing coveted invitations to the Trump Gala Dinner, a private event exclusive to top TRUMP token holders.
Market Momentum and Growing Scrutiny
While political tensions simmer, TRUMP has shown notable strength in the crypto market. According to BeInCrypto data, the token's price surged by 84% over the past week, significantly outperforming many other assets. Additionally, trading volume on Binance soared by 202% within just nine days.
However, this momentum is shadowed by political challenges. On April 25, U.S. Senators Adam Schiff and Elizabeth Warren called for an ethics investigation into the Trump Gala Dinner, expressing concerns that the event could constitute a “pay-to-play” scheme. In a formal letter to the U.S. Office of Government Ethics, they questioned whether purchasing TRUMP tokens to gain political access violates federal regulations.
Following the Gala Dinner announcement, the TRUMP token’s market cap surged by over $100 million, intensifying debates over the intersection of political influence and digital asset markets. Schiff and Warren further inquired whether Trump or his family had received advice about profiting from crypto while in public office, and what measures are in place to prevent the misuse of political connections.
Speculation is also rising that the Trump Gala Dinner could be a platform to launch a new NFT initiative, adding yet another layer of intrigue to the unfolding story.
A Complex Picture for Investors
The TRUMP token’s rising value and growing whale interest underscore its strong financial allure, rooted as much in its social and political symbolism as in traditional market forces. Yet, the ongoing political scrutiny introduces significant legal and reputational risks.
Investors eyeing TRUMP should remain vigilant, closely monitoring both market trends and regulatory developments as the line between cryptocurrency and politics becomes increasingly blurred.