The TRUMP meme coin linked to US President Donald Trump has surged up to 60 percent in the last 24 hours following the announcement of a special event to be held at Mar-a-Lago. However, there is no clear information about whether Trump will attend this conference and there has been no official confirmation from the White House.
Rapid Increase in Token Price and Transaction Volume
The price of TRUMP coin fell to $3.88 after climbing to $4.43 following the event promotion. At press time, the coin is trading at approximately $4.07 and has increased by 14.32 percent in the last 24 hours.
With this activity, the 24-hour transaction volume exceeded 1.6 billion dollars. On the futures side, the information that there was an increase of more than 20 percent in open positions came to the fore. Still, the price of the TRUMP coin remains more than 90 percent below its peak of around $44 in January 2025.
Event and Participation Conditions at Mar-a-Lago
At the center of the remarkable fluctuation in the crypto market is the conference called Fight Fight Fight. It was announced that the event, planned to be held at Mar-a-Lago on April 25, will include a gala dinner with Trump.
However, Trump’s participation in the conference is not clear at the moment. This claim, which has not been confirmed by the White House, is also stated on the event website as “Trump may not attend or the event may be canceled completely.” It is stated that if the conference is not held, eligible participants will be rewarded with special TRUMP NFTs.
In an e-mail statement sent by the Fight Fight Fight organization, it was emphasized that Trump’s participation was confirmed and that the event would not be included on the official token site without this information.
Participation in the conference is directly tied to token ownership. According to the rules of the event, the first 297 TRUMP token holders who link their wallets to the leaderboard or verify them through Robinhood get the right to participate in the event. The top 29 investors will be invited to a smaller reception with Trump. When determining the participant list, retention of tokens for a certain period of time and product purchases of the relevant project are also taken into account.
Increased Crypto Activities and Previous Experiences in Mar-a-Lago
Mar-a-Lago has recently become a center of choice for crypto projects that want to stay close to Trump to hold events. World Liberty Financial, a company founded by the Trump family at the beginning of the year, hosted an event in this facility again.
Businessman Bill Zanker is behind the TRUMP meme coin project. Last year, Zanker similarly organized a joint dinner event with Trump for coin holders, and this development led to a temporary increase in the coin price at that time. It was reported that some well-known names in the industry, including crypto entrepreneur Justin Sun, also attended the event.
On the Bitcoin side, it was pointed out that after Trump became president again, there was a significant decrease in the number of wallets holding $ 1 million or more BTC in the last year. According to blockchain analysis, wallets in this category decreased by 16 percent on a yearly basis, while the decrease rate in accounts with a balance of over 10 million dollars was recorded as approximately 12.5 percent. It has been observed that the largest BTC investors are more resilient to price fluctuations, but the fringe wallets are more sensitive to market volatility.
