$TRUMP Trading Soars with $2.4B On-Chain Transfers Amid Trump Dinner Hype，Team Transfers 1.346M Tokens to CEXs as Regulatory Concerns Mount

The TRUMP memecoin, tied to U.S. President Donald Trump, has witnessed a dramatic uptick in trading activity following the announcement of an exclusive gala dinner with the president. Over the past week, this event has driven a staggering $2.4 billion in on-chain transfers, with trading volume surging by 200%, as reported by blockchain analytics firm Kaiko. Amid this market fervor, according to on-chain analyst @EmberCN, a wallet suspected to be linked to the $TRUMP team transferred approximately 1.346 million TRUMP tokens—valued at $19.53 million—to major centralized exchanges (CEXs) on April 28, amplifying speculation about the project’s next steps.

The dinner announcement has unleashed a trading frenzy around $TRUMP, with whales aggressively positioning themselves to secure a seat at the table. Scheduled for May 22, 2025, at Trump National Golf Club near Washington, D.C., the gala offers invitations to the top 220 TRUMP token holders, with the top 25 also gaining a VIP reception and White House tour.

On-chain analyst @ai_9684xtpa observed that among the top 10 registered holders, only two relied on their original accumulation wallets. The other eight either withdrew tokens from exchanges or established new positions on-chain after the April 23 reveal. The top 10 registered holders include a HTX cold wallet suspected linked to Justin Sun, Memecore, and a wallet address (CASE) believed to belong to market maker Wintermute. These whale activities have propelled trading volumes of TRUMP to their highest since mid-February.

$TRUMP Team Transfers 1.346M Tokens to CEXs

Within this whirlwind of activity, blockchain data tracked by analyst @EmberCN revealed that on April 28, a suspected team-affiliated address moved 1.346 million TRUMP tokens to CEXs in a series of transactions: 700,000 tokens ($10.21 million) to Binance, 350,000 tokens ($5.08 million) to OKX, and 296,000 tokens ($4.32 million) to Bybit. The intent behind these transfers—whether to provide liquidity, lock in profits, or fund operations—remains unclear, fueling discussions among crypto watchers about the team’s strategy. The timing, set against the backdrop of the dinner-driven surge, has only heightened curiosity about $TRUMP’s internal dynamics.

Whale Competition for Dinner Seats Heats Up

Meanwhile, the competition for dinner eligibility continues to escalate. According to @ai_9684xtpa, Memecore, currently second on the leaderboard, withdrew an additional 191,000 TRUMP tokens from exchanges on April 28, pushing its total holdings to 1.389 million tokens and overtaking the top-ranked “Sun” wallet—widely speculated to be Justin Sun’s HTX cold storage—in raw token count. However, time-weighted scoring still places Memecore 117,000 points behind.

Beyond the crypto ecosystem, the dinner promotion has drawn scrutiny. On April 25, U.S. Senators Elizabeth Warren and Adam Schiff addressed a letter to the Office of Government Ethics (OGE), flagging potential conflicts of interest tied to Trump’s $TRUMP venture. They argued that the token, and specifically the dinner incentive, could enable influence-buying, raising the specter of foreign actors discreetly engaging with the administration through token purchases. The senators pointed to the gala as a possible breach of ethical norms, amplifying concerns about Trump’s broader crypto initiatives, including the World Liberty Financial DeFi protocol. This blending of personal financial gain and public office could invite SEC oversight, with the OGE given until May 2 to respond.