A crypto wallet that had been dormant for five months awoke on Thursday to accumulate more than $7 million worth of TRUMP tokens as the US president-linked memecoin’s official team announced a second gala event for top holders — sending the token surging more than 60% from its all-time low.
Onchain data from Arkham Intelligence shows that the wallet started buying tokens from Binance’s hot wallet starting at 01:49 UTC on March 13, hours after the gala was announced. The wallet accumulated about 2.2 million TRUMP across four transactions: an initial single-token test purchase, followed by two purchases of about 1 million tokens each, worth a total of $6.23 million, and an additional 200,000-token purchase worth $742,000.
The TrumpMeme account on X announced a conference and gala luncheon at Mar-a-Lago on April 25. The event is open to the top 297 TRUMP holders by time-weighted average balance between the March 12 announcement date and April 10.
TRUMP fell to a record low near $2.71 earlier Thursday before rising to $4.50 before pulling back to around $3.90 — still a roughly 44% gain from the plunge. The wallet was up about $2.47 million from its position at the time of publication, with total holdings worth $9.44 million per share. Arkham data.
The new event mirrors the dinner held at Trump National Golf Club in May 2025, which drew criticism from lawmakers and ethics watchdogs over the president’s access as a symbolic incentive. A disclaimer on the new event’s website says Donald Trump will appear in a personal capacity with no private meetings.
TRUMP is down about 96% from an all-time high of around $74, set just before Trump’s inauguration in January 2025.
