Trump-Linked Wallet Dumps $32.8M in $TRUMP Tokens to Binance—What’s Next?
A wallet tied to Donald Trump just made waves in crypto circles—shifting a whopping $32.8 million worth of $TRUMP tokens straight to Binance. Was it a strategic exit or just another day in the meme-coin casino?
The Move That Raised Eyebrows
No warning, no subtlety—just a nine-figure transfer hitting the market’s largest exchange. Liquidity incoming, or a bearish signal for the token’s faithful?
Timing Is Everything (Or Nothing)
With crypto markets swinging like a pendulum in a hurricane, the dump sparks questions: Profit-taking? Portfolio rebalancing? Or just cashing out before the next tweetstorm?
The Cynic’s Take
Another day, another politically-adjacent token proving that in crypto, the only 'long-term hold' is the time it takes for insiders to reach an exit. Meanwhile, retail waits for the 'utility.'
- A wallet linked to the $TRUMP token team has transferred a total of 12.54 million $TRUMP tokens worth approximately $150.68 million to exchanges like Binance, OKX, and Bybit within the last few weeks.
- Despite increased attention, $TRUMP continues to face bearish pressure, currently trading at $9.08 with a 2.4% 24-hour price drop.
Trump and his native token have once again made headlines in the crypto space as a wallet linked to his team made a transfer of about 3.527 million $TRUMP tokens, valued at around $32.8 million, to Binance.
This move has sparked renewed attention to the $TRUMP token, with many asking questions about the timing, intent, and future plans behind the large transaction.
On the 29th of April, Lookonchain recorded an on-chain wallet movement linked to the $TRUMP token team. According to the details, the wallet transferred 1,346,000 tokens worth approximately $19.58 million into Binance, OKX, and Bybit. A few days later, it was recorded that the same wallet deposited about $52.6 million worth of TRUMP tokens.
According to the data, from April 28 till the date of writing, wallets connected to the $TRUMP team have deposited 12.54 million $TRUMP tokens, worth $150.68 million, to exchanges in four separate batches.
TRUMP Current Price and Bearish Pressure
As previously recorded by Tronweekly, $TRUMP has in recent times struggled with upward momentum as many investors continue to sell their holdings. Tronweekly recorded that various technical indicators show that $TRUMP WOULD see a short-term sideways movement. With the token’s next key support area around $9.21, there’s a high chance that any further drop in price could take the token to $7–$9.
As of the time of writing, the token is trading at $9.08 and has fallen by 2.4% within the last 24 hours. The price fall has also affected its trading volume for the last 7-30 days, with an 8.9% and 40.9% drop, respectively. Overall, there are no accurate predictions about the token’s value, as some expect it to reach $30–$50, while others believe it could jump past $100.
source: coingecko.com
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