According to a report by The Washington Post, U.S. President Trump held the second $TRUMP meme-coin whales dinner at Mar-a-Lago in Florida on Saturday 4/25, attended by the winners of the “annual holding-coin competition” arranged by his team. The promotional tagline was “the world’s most exclusive crypto and business conference.” CoinDesk and CNBC added financial details: $TRUMP is currently priced at $2.59, down 96% from its peak after Trump took office.
297 $TRUMP whales attended; the top 29 toasted with Trump’s champagne
There were 297 winners in this edition. Their $TRUMP holdings held during the designated window ranked the highest, and they were approved to fly to Mar-a-Lago to attend. Among them, the top 29 were further upgraded to the “VIP champagne toast” session, receiving Trump-branded merchandise such as perfume, posters, wristwatches, and more. Based on estimates by blockchain analytics firm Nansen, the total holdings of these 297 whales add up to about $29 million—only one-fifth of the $148 million from the first edition in early 2025.
The entry threshold was also lowered significantly. According to Fortune, for this edition, the selected entrant ranked last had holdings of about $8,460, down more than 80% compared with the roughly $55,000 minimum threshold in the first edition. $TRUMP Since taking office in January 2025, it once climbed as high as $70. It is currently $2.59, down about 14% over the past 24 hours.
Tether CEO, Cathie Wood, and Mike Tyson share the stage for talks
The lineup of speakers in this edition spans both finance and entertainment: Tether CEO Paolo Ardoino, Cathie Wood, founder of Ark Invest; Tony Robbins, best-selling author; former heavyweight boxing champion Mike Tyson; Nathan McCauley, CEO of Anchorage Digital; and Anthony Pompliano, co-founder of ProCap Financial. CoinDesk reported that on-site discussion topics covered financial inclusion, the role of the U.S. dollar, and the intersection of AI and crypto.
Trump defends crypto legislation with a keynote address
Trump took the stage with a keynote address to back two crypto bills that are set to move into the House’s second reading. His argument was that “legalizing the crypto industry within the United States would allow capital to flow back.” The speech was delivered to his own token whales and contrasts with the Democratic camp’s investigative actions this week into the event—Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal have jointly urged the White House to disclose the list of attendees and information on conflicts of interest.
$TRUMP down 96% from the peak; liquidity concentrated among a small number of whales
$TRUMP At the current price of $2.59, with a market cap of about $518 million (circulating supply basis), it has already shrunk 96% compared with the $70 peak during the issuance weekly in January 2025. Notably, whale concentration remains high—just 297 addresses control a combined $29 million, nearly 5.6% of the total market cap—indicating that the $TRUMP circulating structure is still highly concentrated.
Trump family’s other crypto initiatives are also continuing to face challenges. Earlier this week, Justin Sun sued Trump family’s World Liberty Financial, alleging that it froze his WLFI tokens worth $1 billion and pressured him to invest in its USD1 stablecoin, making another unresolved front in Trump’s crypto blueprint.
This article “Trump’s second $TRUMP whale dinner: 297 people attended; the coin price fell 96% from its high point” was first published on Chain News ABMedia.
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