$47M TRUMP Token Floodgate Opens: Team Wallet Dumps on Exchanges—Time to Panic?

Whale alert: A wallet linked to the TRUMP token team just moved $47 million worth of tokens to major exchanges. Market watchers are bracing for impact—will this trigger a sell-off or just another day in crypto's casino economy?

The move follows a classic playbook: insiders cash out while retail traders cling to hopium. Remember folks, in crypto, 'team wallet' often translates to 'exit liquidity factory.'

With no official explanation yet, the transaction raises eyebrows about tokenomics—and whether this is strategic diversification or an old-fashioned dump. Either way, it's a stark reminder that in this market, the house always wins... until the next bull run convinces us otherwise.

The token witnessed significant spikes in trading volumes in May amid the anticipation around the Trump Gala Dinner, but its now flowing into void.

The TRUMP meme coin, launched by the U.S. President Donald Trump, has been a controversial project since its launch. Its ties with Trump-backed entities, including CIC Digital LLC and Fight Fight Fight LLC, have previously raised serious concerns, as both these firms reportedly control 80% of the token supply.

The rapid surge in TRUMP’s market value, which surged as high as $70 billion in market cap within 60 hours of its release, had also caused congestion on the solana network at the time. 

Such moves like this have proven to be dicey historically, as a similar transfer of 3.5 million TRUMP tokens ($52.48 million) on May 10 reportedly led to a 35% spike in trading volume, signaling heightened market activity and volatility. This latest MOVE has now again reignited debates among holders, with some fearing profit-taking by the team. 

Also read: President Trump’s Truth Social Files for Bitcoin ETF, DJT Stock Jumps