Trump Token Gets $148M Boost from 220 Whale Investors

The official Trump token, a highly volatile memecoin, made headlines after Donald Trump hosted a private dinner for its top investors. Trading at $14.47—down 1.9% in the last 24 hours but up 53% in the last month—the token is 80% off its January high of $73.43.

On May 22, Trump invited 220 major token holders to a black-tie event at his Sterling, Virginia golf club. These investors paid $148 million for their seats by contributing to the TRUMP token between April 23 and May 12, 2025. The top 25 wallets accounted for $111 million of that sum, showing the deep pockets behind the project.

Outside the venue, protesters held signs that read “America is not for sale” and “Stop crypto corruption.”

Exclusive Perks and Political Controversy

The evening included a VIP reception and swag. The four biggest investors got custom Trump Tourbillon watches worth $100,000 each. Billionaire Justin Sun, the biggest investor with $18.5 million in tokens, made headlines by posting videos from the event and previous visits to the White House.

Sun is an adviser to Trump-linked World Liberty Financial, a group that has raised around $500 million. The U.S. Securities and Exchange Commission, which paused its fraud case against Sun in February, has not commented on the dinner.

Trump bashed the Biden administration’s stance on crypto and said he would revive innovation in the U.S. But more than half the attendees were foreign-based, sparking bipartisan concerns about foreign influence and calls for the guest list to be disclosed.

Market Impact and Technicals

After the dinner, TRUMP token activity jumped:

• Daily trading volume up 24.5% to $2.63 billion

• Derivatives volume up 17.3% to $3.9 billion

• Open interest to $760.6 million, showing growing leveraged positions

Technically, the token is above all moving averages from 10 to 100 days, bullish. A bullish MACD crossover is buying momentum, RSI at 58.66 is neutral to positive.But it’s mixed. Resistance is between $15.10 and $15.50. Above that and we could see $17.30. Below $13.20 and $12.60 and we could see $11.30.

Now it’s up to the post-dinner high to hold or not.