$TRUMP memecoin hosts gala for top holders amid 97% drop
Gala (GALA)
Editor:
Eugene Serbin
cryptobriefing.com reports that Fight Fight Fight LLC is hosting a third exclusive gala for $TRUMP token holders on November 22, 2026, at Trump National Golf Club near Washington, D.C. Donald Trump is scheduled to appear as the main speaker at the event, which is limited to the top 185 holders based on a time-weighted leaderboard. The snapshot period for eligibility runs from September 30 through November 12, with tiered rewards including VIP receptions for the top 29 and gold watches for the top four. Despite the high-profile event, the token is trading approximately 97% below its peak of around $74, currently ranging between $2.04 and $2.07.
The Washington Post noted that Trump’s virtual asset ventures have upset some crypto investors, while insiders control about 80% of the supply. Ownership concentration has raised concerns about market manipulation, with many top wallets linked to offshore exchanges. Previous events in May 2025 and April 2026 generated trading volume as buyers chased leaderboard spots, often followed by immediate sell-offs.
Approximately 1 million wallets have seen combined losses estimated between $3.2 billion and $3.81 billion. Lawmakers have scrutinized the project over foreign investor influence, and the leaderboard rewards duration, putting late buyers at a disadvantage. The project aims to balance loyalty rewards with the reality of a token that has lost most of its value since its January 2025 launch.
How the market reacted
Whalio's own Binance spot order flow for GALA, measured when this story was written up on 2 October 2026. Not the outlet's figures.
Whalio’s Binance spot data for GALA shows a buy ratio of 50.3% over the last hour, rising slightly from 49.0% over four hours and 47.6% over 24 hours. This indicates that buying pressure is building in the short term, contrasting with the lower 24-hour average. Volume delta reflects this shift, with a positive $9,513 in the last hour compared to negative deltas of -$103,348 and -$89,458 over four and 24 hours respectively. The buy ratio represents the proportion of trades executed by buyers versus sellers, while volume delta measures the net value of those trades. A positive delta suggests net inflows, whereas negative values indicate net outflows. The 24-hour spot volume stands at $1,838,810 with 21,504 trades, and cumulative volume delta closed at +$198,379.
The latest daily buy ratio of 51.3% sits at the 80th percentile of the last 322 days, against a median of 48.9% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for GALA, averaged over the days leading up to the story.
Over the preceding week, GALA averaged a 50.2% buy ratio, with the latest day showing a 2.6-point decrease from that average. Daily volume was 0.62 times the average, indicating a quieter trading session compared to typical activity. The coin saw a 12.8% price increase over eight days, with a total volume delta of -$9,122. This suggests that while prices rose, the underlying buying pressure was weaker than usual. The current hour’s 50.3% buy ratio is slightly above the weekly average, signaling a potential shift in momentum after a period of lower volume. This represents an unusual day for the coin, as volume dropped to 62% of its norm while maintaining steady buy ratios.