tl;dr
The team behind the TRUMP meme coin, linked to the US President, has recently transferred nearly $47 million worth of tokens to major exchanges like Binance and Coinbase, signaling a potential sell-off. After a special TRUMP token holders’ dinner event in May, the coin's value surged but has since d...
The team behind the TRUMP meme coin has recently deposited nearly $47 million worth of tokens to major exchanges, raising suspicions of a potential sell-off. These transfers were made to prominent platforms such as Binance, Coinbase, OKX, and Bybit, signaling that large holders might be preparing to cash out.
Following a special token holders' dinner event hosted by the US President, the TRUMP token's value initially surged, doubling its price and reaching nearly $16. However, momentum faded quickly, and the coin has since tumbled to below $11, posting a further 13% decline in the past week.
This is not an isolated case. Over recent months, multiple large transfers from wallets linked to the TRUMP team have been recorded, especially following the announcement of the dinner on May 22 at a presidential golf venue. These transactions have prompted calls for investigation amid growing concerns about market manipulation and insider activity.
Despite the controversy and allegations, the US President has publicly denied profiting from the TRUMP meme coin. Yet, the timing and scale of these sizeable token deposits onto exchanges continue to fuel skepticism among investors and political adversaries alike.
The pattern reflects a broader trend seen in cryptocurrency markets where project teams and major holders move funds to exchanges primarily when preparing for liquidation. While deposits alone do not guarantee an imminent sell-off, they often serve as a strong indicator of potential market activity ahead.
In sum, the TRUMP meme coin saga embodies the intersection of politics and crypto speculation — a story marked by hype, sharp price swings, and mounting calls for transparency. As these high-stakes token movements unfold, investors are reminded to remain vigilant and consider the volatile nature of meme coins and their susceptibility to insider-driven price dynamics.