Crypto Whale Bets $7M on Trump Memecoin, Pockets $2.5M as Token Rallies 60%

A dormant crypto whale sparked a dramatic short-term rally in the Trump-linked memecoin by buying roughly $7 million worth of TRUMP tokens, turning an hours-long bet into about a $2.5 million profit as the token surged roughly 60% on the news.

“One mysterious investor made $2”

CoinDesk

"One mysterious investor made $2.5 million profit in hours by betting big on the latest Trump gala news" and "A dormant crypto wallet just bet $7 million on the Trump memecoin after a new Mar-a-Lago gala was announced, sparking a 60% rally for the struggling token."

CoinDesk

The article reports the wallet "was up approximately $2.47 million on its position at the time of publication, with total holdings valued at $9.44 million, per Arkham data."

On-chain tracing attributed the buys to a previously silent wallet that woke after five months and began purchasing from Binance's hot wallet, according to Arkham Intelligence; the wallet accumulated roughly 2.2 million TRUMP across four transactions.

CoinDesk states: "Onchain data from Arkham Intelligence shows the wallet began buying the tokens from Binance's hot wallet starting at 01:49 UTC on March 13."

CoinDesk

It adds that "after five months of total silence, a dormant crypto wallet suddenly bought roughly 2.2 million TRUMP tokens on Thursday" and details that the purchases consisted of "an initial single-token test buy, followed by two purchases of about 1 million tokens each, worth a combined $6.23 million, and a further 200,000-token buy worth $742,000."

The memecoin’s price action was volatile: TRUMP fell to a record low near $2.71 earlier in the session before jumping to about $4.50 on the gala announcement and later settling near $3.90 — a roughly 44% gain from the trough at the time of reporting.

“One mysterious investor made $2”

CoinDesk

CoinDesk reports that "TRUMP dropped to a record low near $2.71 earlier Thursday before spiking to $4.50, then pulling back to around $3.90 — still a gain of roughly 44% from the trough."

The article links the spike directly to the gala announcement for top token holders, tying the price move to that event-driven demand.

The price surge was anchored to a newly announced April 25 gala and luncheon at Mar-a-Lago aimed at the top 297 TRUMP holders, an event the memecoin team said mirrored a prior dinner that drew scrutiny for offering access tied to token-holding.

CoinDesk notes "The TrumpMeme account on X announced a conference and gala luncheon at Mar-a-Lago on April 25. The event is open to the top 297 TRUMP holders by time-weighted average balance between the announcement date of March 12 and April 10."

CoinDesk

It also observes that "The new event echoes the dinner held at Trump National Golf Club in May 2025, which drew criticism from lawmakers and ethics watchdogs over presidential access as a token-holding incentive," while a site disclaimer says "Donald Trump will appear in a personal capacity with no private meetings."

CoinDesk highlights the broader risk profile of the memecoin and the market context: despite the intraday spike driven by event-linked demand, TRUMP remains massively off its January 2025 highs and illustrates the extreme volatility of memecoins.

“One mysterious investor made $2”

CoinDesk

The article cautions that "the token is still down roughly 96% from its January 2025 peak of $74," and calls the memecoin market "extreme risks" by noting the token's prior 2025 peak and collapse.

CoinDesk

It frames this episode as emblematic of how concentrated buys tied to gated events can move thinly traded tokens dramatically but leave long-term holders exposed.