Whales have continued accumulating Official Trump (TRUMP) tokens ahead of a crypto event at Mar-a-Lago, even as the price dropped to around $2.82 after erasing earlier gains.
Large holders withdrew more than $2.7 million worth of TRUMP from exchanges, while mid-tier wallets added 5.56 trillion tokens since March, indicating sustained accumulation.
On-chain data shows a shift in holdings across wallet tiers, with mid-sized and smaller whales increasing exposure while larger wallets initially trimmed positions before resuming buying.
The accumulation comes ahead of an April 25 conference and gala at Mar-a-Lago, where top token holders will gain access, including VIP experiences for the largest wallets.
TRUMP previously surged more than 50% to $4.49 following the event announcement but has since reversed those gains, reflecting weakening price momentum despite ongoing demand.
The token is now down over 41% in 2026 and has lost more than 11% in the past month, underscoring continued selling pressure across the market.
With whale accumulation continuing while prices fall, traders are watching for heightened volatility as the event approaches and speculative positioning intensifies.
At the time of reporting, Official Trump price was $2.79.