The TRUMP memecoin, officially linked to former US President Donald Trump, is experiencing significant developer-led token sales. Recent on-chain data reveals that wallets known to be associated with TRUMP developers have transferred 3.5 million TRUMP tokens—valued at $52.66 million—to major centralized exchanges. This trend of liquidations has seen the token, once peaking at a $15 billion market cap, plummet by over 81% from its all-time high of $75.
Despite the ongoing sell pressure, a pivotal event looms on May 22, when President Trump will dine with the largest TRUMP token holders in Virginia. Developers have announced that a 'new era' for TRUMP will be unveiled during this gathering, though specific details remain undisclosed. The top 200 holders are set to attend the dinner, with the 25 largest investors receiving VIP access.
However, recent analysis from Bloomberg has raised ethical and legal questions—highlighting that more than half of the top investors have transacted via foreign exchanges that officially bar US users, and eligibility to attend the event is tied only to anonymous usernames. These factors have intensified debates around transparency, investor identity, and regulatory compliance for TRUMP as it navigates this turbulent period.