Svmuu According to Svmuu, as U.S. President Donald Trump's planned crypto-themed dinner approaches, some whales are continuously accumulating TRUMP tokens. Among them, address "8DHkza" recently withdrew approximately 850,500 TRUMP (worth about $2.4 million) from Bybit, while another address "7EtuAt" withdrew around 105,000 tokens from Binance, currently holding roughly 1.13 million tokens (worth about $3.2 million). On-chain data indicates that large outflows from exchanges are often seen as a signal of long-term holding or accumulation, potentially reducing short-term selling pressure.
This capital inflow occurred ahead of a private dinner exclusive to the top 297 token holders, with the top 29 qualifying for VIP status. Despite signs of token concentration, the TRUMP price remains around $2.80, near its historical lows.
Simultaneously, U.S. Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal have sent letters to relevant entities, demanding disclosure of whether Trump was involved in the event's preparation and if any benefits were obtained. They stated that Congress needs to assess potential conflict of interest issues. Against the backdrop of political scrutiny and weak price performance, the token faces dual uncertainties from both regulatory and market perspectives. (CoinD)