Gate News: On March 17, U.S. President Donald Trump announced he would host a second exclusive dinner for major holders of his Meme coin, prompting a short-term speculative opportunity in the crypto market. A trader using the pseudonym “little x” capitalized on early positioning, realizing over $2 million in short-term gains.
On-chain data platform Arkham Intelligence shows that this trader received approximately $6.4 million worth of TRUMP tokens hours after the announcement. As market sentiment rapidly heated up, the token’s price increased by about 32%, and their holdings once rose to around $8.6 million. Currently, there has been no sign of selling activity from this address, which has also secured a spot on the dinner’s priority attendee list.
This event is seen as Trump’s second effort to boost holder engagement through Meme coins. Previously, he hosted a similar dinner near Washington for the top 220 token holders. This time, the scale expanded to the top 297 holders, with the event held at Mar-a-Lago in Florida, where the top 29 attendees also received VIP access.
However, the approach continues to spark controversy. Critics argue that such events serve as channels for high-net-worth individuals to gain access to political elites, posing potential risks of利益输送 (benefit transfer). Especially with U.S. midterm elections approaching and increasing political funding in the crypto industry, discussions around this are becoming more sensitive. The White House responded that Trump’s assets are managed by a family trust, with no conflicts of interest.
Market performance shows that while short-term traders have profited significantly, long-term holders have underperformed. The TRUMP token has fallen over 94% from its all-time high and is down 18% year-to-date. Meanwhile, project revenues remain substantial. Public data indicates that Trump-related entities hold 80% of the token’s total supply, with an estimated valuation of about $3.1 billion.
Additionally, wallets associated with the project have transferred over $96 million in USDC and some TRUMP tokens to custody provider Fireblocks, raising concerns about potential sell pressure in the future.
In the context of politics intertwined with crypto assets, the “Meme coin + social event” model is forming a unique market-driven logic, but its sustainability and regulatory boundaries remain to be further observed.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC 15-minute drop of 0.70%: Increased ETF fund outflows and a coordinated sell-pressure trigger from derivatives position adjustments
From 2026-04-15 13:30 to 13:45 (UTC), the BTC price fluctuated within the range of 73,846.3 to 74,415.9 USDT. Within 15 minutes, the return recorded -0.70%, with an amplitude of 0.77%. During this period, market volatility intensified, trading volume and on-chain transfers heated up significantly, and market participants’ risk sensitivity increased.
The main driving force behind this unusual move was a sharp increase in ETF fund outflows. Data shows that on 2026-04-13, U.S. spot Bitcoin ETFs recorded net outflows of -231.7 million dollars, far above the one-week average
GateNews9m ago
ETH 15-minute pullback of 0.60%: Long leverage getting liquidated at high levels as whale short-term selling aligns, driving the move downward
From 13:30 to 13:45 (UTC) on 2026-04-15, ETH recorded a -0.60% return at a short-term high, and the price fluctuated within 2317.79 - 2333.92 USDT, with an amplitude reaching 0.69%. In the preceding 24 hours, ETH had risen strongly, with the highest gain reaching 9.5%, and market attention noticeably heated up. The negative return during this period reflects a rapid shift in local sentiment in the high-price area.
The main driver behind this move is long liquidation profit-taking in the derivatives market and partial deleveraging (cutting) of local leveraged funds. In the ETH futures market over the past 24 hours, the shorts
GateNews9m ago
TradFi Rise Alert: BE (Bloom Energy Corp) Rises Over 22%
Gate News: According to the latest Gate TradFi data, BE (Bloom Energy Corp) has surged by 22% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews26m ago
Nvidia Quantum AI Model Triggers Rally Across Global Quantum Stocks
Nvidia's new open-source AI tools for quantum systems prompted a significant surge in global quantum computing stocks. The Ising model addresses error correction and calibration challenges, achieving faster execution and improved accuracy. Market growth is projected to exceed $11 billion by 2030, with Europe leading advancements.
GateNews4h ago
AION Token Plunges 69.83% in One Hour, Trading at $0.000181
AION token's price plummeted 69.83% to $0.000181 in one hour, with trading volume rising to $32,928. Market observers link this drop to changing trader sentiment amid a fluctuating crypto market. Key resistance and support levels are being closely monitored.
GateNews4h ago
TradFi Rise Alert: COCOA (Cocoa) Rises Over 6%
Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.
GateNews5h ago
