A crypto dealer has taken lengthy positions on 33 digital belongings however has chosen to brief solely TRUMP, the meme coin backed by President Donald Trump that has dropped 95% from its peak, in accordance with information tracked by Lookonchain.
This man is lengthy virtually all the market (33 tokens), aside from $TRUMP, which he’s brief.https://t.co/E6QEMXG7DV pic.twitter.com/Seaa5XeCyA
— Lookonchain (@lookonchain) March 19, 2026
TRUMP, which debuted days earlier than Trump’s January 2025 presidential inauguration, is buying and selling at round $3.4 at press time, down 4% within the final 24 hours, per CoinGecko.
The token has lengthy been a matter of dispute for mixing political energy with crypto markets. It has raised issues about ethics, equity, and conflicts of curiosity.
The TRUMP token, launched in 2025, provided high holders perks reminiscent of entry to Trump at a gala dinner held final Might.
The mission workforce plans to repeat the format. On April 25, a gala luncheon will probably be held at Mar-a-Lago, with Trump listed among the many keynote audio system alongside 18 “world giants” whose identities haven’t been disclosed.
Attendance is capped at 297 members and decided by a leaderboard based mostly on TRUMP token holdings. The highest 29 holders will obtain VIP advantages, together with a reception with Trump, a chat on Mar-a-Lago’s historical past, and precedence seating on the occasion.
Santiment reviews that the TRUMP coin lately moved independently of the broader market. Analysts additionally notice an increase in massive holders, with 83 wallets now holding greater than 1 million TRUMP as of March 16.
🐳 You could have observed OFFICIAL TRUMP coin quickly decoupling over the previous few days (+36% since Wednesday). As this was occurring, our information signifies that there are actually 83 1M+ coin $TRUMP wallets, essentially the most in over 5 months. Coincidence? Possible not. pic.twitter.com/CDBaON4Xba
— Santiment (@santimentfeed) March 16, 2026
The token rose sharply after the Might dinner announcement, then gave again a part of the positive aspects within the days that adopted. It picked up once more because the occasion approached.
The same sample had already performed out, with TRUMP gaining round 60% following the Mar-a-Lago announcement.
