22.06.2025 07:27

The development team behind the Donald Trump-themed memecoin, TRUMP, recently executed a significant transfer of 3.5 million tokens, valued at approximately $32.8 million, to the Binance cryptocurrency exchange. This transaction, confirmed by on-chain data, is the latest in a series of large-scale transfers.

Since April 28th, data reveals that wallets linked to the development team have moved a staggering 12.54 million TRUMP tokens, with a combined value exceeding $150.68 million, to various exchanges in four distinct transactions. These substantial transfers have raised speculation about a potential large-scale sell-off.

Adding fuel to this speculation, cryptocurrency exchanges currently hold a massive $7.3 billion in altcoins associated with the TRUMP memecoin, largely attributed to the developers' holdings. With only 200 million of the 1 billion total TRUMP tokens currently circulating, the vast majority remain locked in developer wallets, scheduled for future release.

The current market capitalization of the TRUMP memecoin stands at roughly $1.8 billion, a significant drop from its peak valuation exceeding $9 billion. While the team's actions suggest a possible divestment, it's crucial to remember that this is not financial advice. For the latest news, analysis, and on-chain data, follow us on Telegram and Twitter. Information for this report was gathered from internet sources.