TRUMP Token Whale MeCo Amasses $20.59M Holdings After $2.83M Binance Withdrawal Ahead of Exclusive Event

A high-profile crypto whale, identified as MeCo, has made a significant move in the TRUMP token market by withdrawing 190,987 TRUMP tokens (worth $2.83 million) from Binance, ahead of an exclusive event dubbed the ’TRUMP dinner party’. This transaction lifted MeCo’s total TRUMP holdings to 1,389,000 tokens, now valued at approximately $20.59 million, positioning MeCo as the second largest TRUMP holder within the ecosystem’s top 25 addresses—second only to Justin Sun. These substantial acquisitions, and the consolidation of TRUMP tokens ahead of a major event, signal sustained interest from influential investors and could trigger speculation among traders. Such large withdrawals from exchanges can reduce available liquidity, potentially driving price volatility and influencing short-term trading strategies. The move highlights ongoing whale activity in TRUMP, underlining the significance of monitoring large wallets and memecoin dynamics for timely trading decisions.
Bullish
The large-scale accumulation and withdrawal of TRUMP tokens by whale MeCo, especially before a major event such as an exclusive dinner, is typically seen as a bullish signal in crypto markets. Whale confidence and consolidation strategies often precede price rallies, as they suggest strong investor conviction. The significant reduction in exchange liquidity following the withdrawal may contribute to upward price pressure, increasing volatility and attracting speculative trading. While there is a risk of short-term volatility, the underlying sentiment and increased attention from large holders point toward a positive price impact for TRUMP in both the short and potentially longer term, as seen in similar memecoin events.