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Trump Token’s value surged following a significant transaction involving a dormant wallet., 2026/03/15 12:22:34
An unidentified owner of a dormant cryptocurrency wallet, inactive for five months, purchased TRUMP tokens worth $7 million, resulting in a 60% surge in the token’s price. This acquisition coincided with the announcement of a second gala dinner for the largest holders of the U.S. president’s meme coin.
The owner of the inactive address began acquiring tokens from a hot wallet on the Binance exchange on Friday, March 13, just hours after the event was announced by Donald Trump. According to on-chain analytics from Arkham Intelligence, four transactions were executed in total.
Initially, the wallet owner made a test purchase, acquiring just one meme coin. This was followed by two purchases of approximately 1 million tokens each, totaling $6.23 million. The final transaction involved 200,000 tokens for $742,000. Ultimately, the unknown wallet acquired around 2.2 million TRUMP meme coins. Arkham reports that the wallet’s profit from this transaction has now reached approximately $2.47 million, with the total value of its assets estimated at $9.44 million.
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Earlier on March 13, the price of TRUMP had dropped to a record low of about $2.71, but subsequently rose to $4.50. Following this spike, a correction brought the price down to $3.90. Since reaching an all-time high of $74 prior to Trump’s inauguration in January 2025, the TRUMP token has decreased in value by approximately 96%.
On Friday, the TrumpMeme account on the social media platform X announced a conference and gala dinner at Trump’s Mar-a-Lago estate on April 25. Participation will be open to 297 of the largest TRUMP token holders, selected based on their weighted average balance from March 12 to April 10, according to the announcement’s authors.
The upcoming event is reminiscent of a dinner held in May of last year at Trump National Golf Club. That initiative faced criticism from American lawmakers, who were outraged that access to the U.S. president was effectively being offered as an incentive for holding his own tokens.
