One mysterious investor made $2.5 million profit in hours by betting big on the latest Trump gala news

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email One mysterious investor made $2.5 million profit in hours by betting big on the latest Trump gala news A dormant crypto whale just bet $7 million on the Trump memecoin after a new Mar-a-Lago gala was announced, sparking a 60% rally for the struggling token. By Oliver Knight | Edited by Sheldon Reback Mar 13, 2026, 4:16 p.m. Make us preferred on Google U.S. President Donald Trump (Nikhilesh De/CoinDesk) What to know : After five months of total silence, a dormant crypto wallet suddenly bought roughly 2.2 million TRUMP tokens on Thursday, signaling a massive vote of confidence from a major investor. The token’s 60% price spike followed the announcement of an April 25 gala and luncheon at Trump’s Florida estate, an exclusive event open only to the top 297 token holders. While the news sparked a major daily rally, the token is still down roughly 96% from its January 2025 peak of $74, illustrating the extreme risks of the memecoin market. A crypto wallet that sat dormant for five months woke up Thursday to accumulate more than $7 million worth of TRUMP tokens as the U.S. president-linked memecoin's official team announced a second gala event for top holders — sending the token surging more than 60% from its all-time low. Onchain data from Arkham Intelligence shows the wallet began buying the tokens from Binance's hot wallet starting at 01:49 UTC on March 13, hours after the gala was announced. The wallet accumulated roughly 2.2 million TRUMP across four transactions: an initial single-token test buy, followed by two purchases of about 1 million tokens each, worth a combined $6.23 million, and a further 200,000-token buy worth $742,000. The TrumpMeme account on X announced a conference and gala luncheon at Mar-a-Lago on April 25. The event is open to the top 297 TRUMP holders by time-weighted average balance between the announcement date of March 12 and April 10. TRUMP dropped to a record low near $2.71 earlier Thursday before spiking to $4.50, then pulling back to around $3.90 — still a gain of roughly 44% from the trough. The wallet was up approximately $2.47 million on its position at the time of publication, with total holdings valued at $9.44 million, per Arkham data. The new event echoes the dinner held at Trump National Golf Club in May 2025, which drew criticism from lawmakers and ethics watchdogs over presidential access as a token-holding incentive. A disclaimer on the new event's website states Donald Trump will appear in a personal capacity with no private meetings. TRUMP has fallen roughly 96% from its all-time high of around $74, set just before Trump's inauguration in January 2025. Trump Memecoin Gala More For You Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike By Will Canny , AI Boost | Edited by Stephen Alpher 59 minutes ago Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100. What to know : Mizuho said Circle's USDC transaction volumes have reached about $2.2 trillion year-to-date in 2026, compared with $1.3 trillion for Tether's USDT. The shift marks the first time since 2019 that USDC activity has surpassed Tether’s, reversing years in which USDT dominated transaction flow. The bank raised its Circle price target to $120 from $100, citing stronger USDC usage and growth expectations in areas such as prediction markets and agentic commerce. Read full story Latest Crypto News MoonPay introduces Ledger-secured AI crypto agents to address wallet key risks 18 minutes ago Ethereum Foundation publishes new mandate defining its role, core principles 30 minutes ago Stablecoins, bitcoin could reshape finance, Stanley Druckenmiller says 49 minutes ago Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike 59 minutes ago Bitcoin rises to one-month high of $73,800, continuing to outperform since start of Iran war 1 hour ago U.S. sanctions 6 people, 2 companies that laundered $800 million in crypto for North Korea 2 hours ago Top Stories Bitcoin's building steam and a $3 billion trigger could make it wild 4 hours ago SEC's advisory group backs tokenized securities push, outlines how to keep it safe 18 hours ago Bitcoin's recent crash to $60,000 warned stocks first – now they're following 8 hours ago Pi rallies more than 30% after Kraken announces listing 11 hours ago BlackRock’s new ether ETF for yield hungry investors debuts with $15 million in trading volume 9 hours ago Bitcoin climbs to near $72,000 after Treasury Secretary Bessent attempts to calm oil fears 15 hours ago