A crypto wallet that had been dormant for five months came to life on Thursday, amassing more than $7 million worth of TRUMP tokens, and the official memecoin team associated with the U.S. president announced a second grand event for top holders, sending the token soaring more than 60% from its all-time lows.
On-chain data from Arkham Intelligence shows that the wallet began purchasing tokens from the Binance hot wallet at 01:49 UTC on March 13, just hours after the party was announced. The wallet accumulated approximately 2.2 million TRUMP in four transactions: an initial test purchase of a single token, followed by two purchases of approximately 1 million tokens each for a total value of $6.23 million, and finally a purchase of 200,000 tokens worth $742,000.
The TrumpMeme account on X announced a meeting and dinner at Mar-a-Lago on April 25. The event is open to the top 297 TRUMP holders by time-weighted average balance between March 12 and April 10.
Trump fell to an all-time low near $2.71 early Thursday before surging to $4.50 before falling back to around $3.90, still about 44% above trough. According to Arkham data, the wallet’s holdings increased by approximately $2.47 million at the time of publication, bringing the total holding value to $9.44 million.
The new event echoes a May 2025 dinner at Trump National Golf Club that drew criticism from lawmakers and ethics watchdogs for including presidential access as an incentive to hold tokens. A disclaimer on the new event website states that Donald Trump will attend in a personal capacity and there will be no private meetings.
Trump shares are down about 96% from their all-time high of around $74 in January 2025, before Trump took office.