TRUMP Meme Coin Team Shocks Market with $32.8 Million Binance Transfer
Meme coin mania takes a wild turn as the TRUMP team makes a jaw-dropping move.
$32.8 Million Exit Strategy?
The anonymous team behind the controversial TRUMP meme coin just dumped a staggering $32.8 million into Binance—triggering instant speculation of a rug pull or strategic cash-out. Market watchers are scrambling to decode whether this is a liquidity play or another classic 'buy the rumor, sell the news' crypto maneuver.
Timing Is Everything
The transfer comes as meme coins face renewed scrutiny from regulators and 'serious' investors—proving once again that in crypto, the line between satire and serious money is thinner than a trader's patience during a dip.
Love it or hate it, the meme economy keeps rewriting the rules of finance—one absurd transaction at a time.
Nearly $150 Million in TRUMP Tokens Have Been Moved
Blockchain analysis platform Lookonchain reported that this latest transfer, conducted on June 21, forms part of a larger pattern.
Since late April, the team has sent more than 12.5 million TRUMP tokens, valued at over $150 million, to exchanges including Binance, OKX, and Bybit.
Market experts caution that these frequent, large-volume deposits to exchanges without transparent communication can heighten uncertainty and trigger price declines.
However, the project representatives previously claimed that the movement of tokens aimed to support liquidity and ensure smooth trading conditions. They also stated that the tokens came from a wallet created specifically for this purpose during the project’s launch phase.
Despite those assurances, the token’s market value has continued to decline.
According to BeInCrypto data, TRUMP has lost around 6% over the past day and currently hovers NEAR $8.68 as of press time. Since its January debut, the token’s value has dropped by around 90% from its peak of over $75.
Meanwhile, the controversy surrounding the token doesn’t stop at market activity. There is also an ongoing political scrutiny surrounding the token’s ties to US President Donald Trump, which further complicates sentiments surrounding the meme coin.
For context, US Representative Brad Sherman recently accused TikTok of planning to spend $300 million on TRUMP tokens in an attempt to sway US policy. However, TikTok has since denied the allegation, calling it both misleading and baseless.
“Congressman, claiming that the owners of TikTok are buying ‘Trump Coins’ is patently false and irresponsible and doesn’t even accurately reflect a letter you signed last month,” the video-sharing platform stated.
These issues mean the outlook for TRUMP remains uncertain due to the growing skepticism about the token’s utility and persistent price declines.
