The TRUMP token has dropped more than 33% since the luncheon was first announced in March, trading at $2.80 on Monday.
Crypto whales loaded up more of the TRUMP memecoin ahead of the luncheon at US President Donald Trump’s Mar-a-Lago residence in Florida this month, which offers entry to the largest holders.
One whale withdrew about 105,754 OFFICIAL TRUMP (TRUMP) from Binance on Saturday to add to its stash of 1.13 million TRUMP, worth about $3.2 million, according to an X post from blockchain analytics firm Lookonchain on Sunday.
Two days earlier, another whale withdrew 850,488 TRUMP from the crypto exchange Bybit.
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