TRUMP Token Devs Dump $50M Bag as Hype Peaks—Just Another Crypto Exit Scam?
Another day, another nine-figure ’strategic reallocation’ by anonymous devs. The TRUMP token team just cashed out $50 million mid-pump—because why wait for regulators when you can front-run your own community?
Price action tells the tale: a 300% surge on meme hype, followed by the classic ’dev wallet liquidation’ pattern. Traders who FOMO’d in now hold bags heavier than a politician’s promises.
Pro tip: In crypto, the only ’moon’ that matters is the team’s private jet altitude. Always check the wallet activity—before your ’investment’ becomes a donation.
TRUMP Team Sells Again?
The controversy around the fourth-largest meme coin continues as the team behind it has made another sizeable transaction into centralized exchanges. In the latest example, a wallet linked to them deposited over $52 million worth of TRUMP into trading platforms, which is typically associated with sales; otherwise, why would they transfer funds to exchanges, as everything on the blockchain is visible and traceable?
The wallet linked to the $TRUMP team just deposited 3.5M $TRUMP($52.66M) into exchanges again.https://t.co/9nc4YjTvxEhttps://t.co/Y8lStmCWyw pic.twitter.com/alY3TRv1oz
— Lookonchain (@lookonchain) May 10, 2025
This is far from the first similar instance. Recall that in late April, the team transferred a more modest $20 million worth of the meme coin to Binance, OKX, and Bybit. At the time, TRUMP’s price had also risen in value after the announcement of the upcoming dinner with the president at one of his golf establishments in Washington, DC.
A recent report by Chainalysis, cited by CNBC, indicated that the TRUMP team has profited somewhere around $320 million from different activities with the token, including fees routed to wallets tied to the creators.
At the same time, the US President continues to claim that he has not profited even a cent from the meme coin’s price gains.
Whales Keep Buying
Following the dinner announcement made last month, which says that the top 220 TRUMP holders will have a chance to attend a special event with the POTUS on May 22, many investors rushed to purchase the profit, some with the obvious intention to attend it, others to profit by speculating.
With just a few days left until the holders’ snapshot deadline is over, on-chain data shows that one whale spent 4 million USDC to acquire 276,968 TRUMP tokens at $14.44. As of press time, this secures them a seat at the presidential table.
A whale just withdrew 4M $USDC from #Binance to buy 276,968 $TRUMP at $14.44.https://t.co/DG97zijyMu pic.twitter.com/uYCLlSOM72
— Lookonchain (@lookonchain) May 10, 2025
