The $TRUMP memecoin has been making waves in the crypto world, especially following a recent announcement by President Trump that the top holders would be invited to a Gala Dinner.
As per data from analytics firm Nansen, as of April 2025, TRUMP coin witnessed over $869 million in outflows from the top 500 wallets. Only $96 million in inflows were recorded over the week.
This comes at a time when Trump has announced a Gala Dinner for the top 220 TRUMP holders at his Washington, DC golf club. Analytics firm Nansen reports that the top 100 wallets bought around 940,000 more tokens within an hour of the announcement.
The outflows suggest that some large holders might have opted to cash out instead of following the crowd. Nansen noted that more people sold the tokens than bought them. A few new buyers jumped in with some aiming to profit from the price swings, while others were simply hoping to secure a dinner invite.
One whale sold 407,467 TRUMP for $5.73M, making $731K in just 30 minutes. Another spent $5M to buy 407,467 TRUMP at $12.27. A liquidity provider pulled $2.76M in TRUMP and SOL, pushing their wallets into the top 220 holders. Additionally, a wallet withdrew 1.5M USDC to buy 123,228 TRUMP, likely to secure a dinner invite.
A longtime $TRUMP liquidity provider removed liquidity from 2 wallets 2 hours ago, receiving 211,977 $TRUMP($2.76M) and 18,376 $SOL($2.76M).
Now, both wallets are in the top 220 holders — giving them a shot at scoring 2 invites to the $TRUMP dinner.
As of April 2025, Tron founder Justin Sun reportedly topped Trump’s memecoin leaderboard, owning 1,176,803 TRUMP coins worth over $14 million. The wallet, under the name “Sun,” has sparked speculation that it could be Justin Sun’s, who has also invested $30 million to World Liberty Financial, a firm backed by Trump.
Arkham Intelligence in a recent X post shared that one of the biggest holders of TRUMP, ‘Boop’, spent $300K worth of FARTCOIN to buy more TRUMP and stay in the top 25 holders for Trump’s dinner. He earlier made $1.75M from a $107K TRUMP investment.
One of the top TRUMP holders, ‘boop’, just swapped $300K of FARTCOIN into TRUMP, so that he doesn’t fall out of the top 25 attendees for the Trump Dinner.
Top holders for the TRUMP Dinner will be calculated based upon time-weighted holdings of TRUMP.
Other tokenholders included usernames like “Elon” and “Doge,” raising questions about whether Musk was involved. With the team behind TRUMP controlling 80% of the total supply, critics claim that Trump or someone in his family could still pull a rug-pull on investors.
Launched in January before Trump’s presidency, the memecoin has faced criticism from several lawmakers and crypto leaders over potential conflicts of interest.
Trump coin surged 73% over the Dinner announcement, rising to $15.47. At the same time, the scheduled release of 40 million tokens was delayed by 90 days. TRUMP remains 83% below its ATH of $75.35.
The TRUMP meme coin project announced that the top 220 holders will be invited to a Gala Dinner with the US president, while the top 25 holders will receive a private White House tour.
The ranking will count holders between today and May 12. Since this announcement, TRUMP has spiked 50% and counting.
Whichever 220 users hold the most Trump tokens between now and May 12 will get an exclusive invitation to a dinner attended by the President.
“FOR THE TOP 25 COIN HOLDERS, YOU are Invited to an Exclusive Reception before Dinner with YOUR FAVORITE PRESIDENT! PLUS, We have separately by us arranged for a Special VIP White House Tour for you – so make sure you stay in town,” the announcement claimed.
Since this dinner offer first happened, TRUMP rocketed up 50% and counting. It’s unclear how long the momentum will last, but it clearly demonstrates that the man has a devoted fan base.
Some users have speculated that this dinner is an attempt to farm exit liquidity from retail investors, and it’ll be interesting to see how long the hype lasts.
Conventionally, this led to many trading shorting the meme coin, anticipating the price to go down. Yet, this announcement created a buying frenzy.
Most notably, the upcoming monthly token unlocks have been postponed by 90 days. This could be a direct attempt to inflate the market for a potential pump.
SOL Strategies, the Solana treasury management provider, has secured a strategic win by onboarding Cathie Wood’s Ark Invest. In a move thats also symbolic of growing interest in staking, Ark Invest has choosen SOL Strategies as its new Solana staking provider to support its ARK Digital Asset Revolutions Fund. Since 2020, the fund led by
Dogecoin price holds steady above $0.16, showing resilience amid Tesla’s $30B stock decline and broader market volatility this week.
Dogecoin Price Stabilizes as Tesla Loses $30 Billion Amid Trump’s Tariff Shock
Dogecoin (DOGE) has stabilized above the $0.16 level, showing notable resilience despite broader volatility in the crypto and equity markets.
After briefly dipping to $0.12 last Wednesday, following former President Donald Trump’s surprise announcement of sweeping tariffs, DOGE rebounded and currently trades 4% higher from that weekly low.
Dogecoin price action, April 6 | Source: CoinMarketCap
DOGE resilient price performance aligns with a broader trend: top cryptocurrencies increasingly decoupling from the volatility that plagues traditional equities and commodities.
Tesla Takes $30 Billion Hit as Elon Musk Faces Political Pressure
Tesla (TSLA) stock has emerged as one of the most heavily impacted assets in the wake of Trump’s trade announcement. U.S. equities suffered a dramatic selloff, with the Dow Jones Industrial Average plunging over 3,000 points and the S&P 500 falling by 8% within five trading sessions.
As expected, Tesla (TSLA) stock price took a major hit due to Elon Musk’s prominent role in the Trump administration’s newly-formed Department of Government Efficiency.
Tesla (TSLA) stock loses $30B after Trump’s tariff, April 6 2025 | Source: NASDAQ
With the electric vehicle giant thrust into political and economic crossfire, Tesla shares currently trade at $239, down 4% on the week and 10% over the past 30 days.
At a current market cap of $750 billion, over $30 billion in shareholder value has been erased since the tariffs were announced.
Is Dogecoin Price Finally Decoupling from Elon Musk’s Influence?
Against this backdrop, Dogecoin’s stability above $0.15 has raised questions: is DOGE beginning to decouple from Elon Musk’s influence?
1. Musk’s Influence on DOGE Is Fading
Elon Musk, long seen as a de facto mascot for the Dogecoin community, has historically had influence over DOGE price action.
In past years, events such as Tesla’s earnings calls, SpaceX launches, and even cryptic tweets from Musk often triggered short-term rallies in DOGE price.
But recent events suggest a shift in sentiment. In January 2025, DOGE price briefly tested yearly timeframe peaks above $0.40 after Musk’s government office teased a DOGE logo on its official site.
Speculation quickly spread that Dogecoin might be adopted for government-related transactions. However, Musk personally clarified last week that the administration has “no current intention” of adopting DOGE for official use—promptly quashing those rumors.
Another key factor behind Dogecoin’s decoupling from Elon Musk’s influence is Trump’s private crypto interests In March, the administration announced its “Crypto Strategic Reserve,” which conspicuously excluded Dogecoin. The move was seen by many as a sign that DOGE would not receive institutional or governmental support.
Adding to the sentiment, Trump launched his own memecoins—TRUMP and MELANIA—during his inauguration.
These tokens, alongside WLFI, a pro-Trump crypto PAC, have since dominated the altcoin narrative, effectively crowding out Dogecoin from the political meme coin arena.
This exclusionary stance diminishes the likelihood that Dogecoin will receive direct endorsements or adoption from the current administration, despite Musk’s presence within it.
3. Dogecoin Remains Insulated from Tesla’s Trade War Risk
Dogecoin’s price resilience also stems from its insulation from the economic risks now weighing on Tesla.
While Tesla faces serious exposure to retaliatory tariffs from major trade partners like China and Canada—threatening its supply chain and Q2 earnings—Dogecoin operates independently of such traditional business cycles.
The memecoin’s lack of ties to physical goods, manufacturing, or logistics shields it from geopolitical shocks that affect multinational corporations.
As a result, DOGE appears increasingly insulated from Tesla’s financial performance and the broader trade war fallout.
DOGE Price Forecast: $0.15 support cluster must Withstand Short-term Risks
Dogecoin’s stable price action this week, despite Tesla losing $30 billion in market value, signals a maturing market dynamic. Investors are beginning to view DOGE as an asset less exposed to Elon Musk’s influence and more driven by its own market fundamentals.
From a technical standpoint the current Dogecoin price forecast signals lean neutral-to-bearish.
After a brief 5.14% recovery over three sessions the two consecutive red candles that followed now put the immediate support at $0.15 at risk.
Since closing Friday at $0.16, Dogecoin struggles to hold above the 20-day EMA resistance at $0.17. This rejection at the moving average signals insufficient buying pressure to drive the next leg-up.
Dogecoin price
Beyond that, Dogecin trading volumes remains flat at 402.82 million DOGE, showing weak conviction from bulls.
The True Strength Index (TSI) also slipped to -0.82, a clear sign of continued bearish momentum. With TSI below the zero line, a downside continuation is likely if demand doesn’t resurface soon.
If bears push below $0.15, the next downside target lies at $0.142—where DOGE last found support on April 3. On the upside, bulls must reclaim the $0.17 level to target the stronger resistance cluster between at $0.20, near the 50-day EMA.
