TL;DR
- A wallet linked to the Official Trump team has deposited another big chunk of tokens into crypto exchanges, with the most likely intention of taking advantage of the recent price surges.
- At the same time, other whales continue to accumulate the asset, perhaps to secure a place in the upcoming dinner with the President.
TRUMP Team Sells Again?
The ongoing debate regarding the fourth-largest meme coin persists, as the team responsible for it has recently conducted another significant transaction, moving TRUMP tokens into centralized exchange platforms. A wallet linked to them deposited approximately $52 million of TRUMP into trading platforms, an action typically indicative of sales, since it’s unusual to transfer funds to exchanges unless one intends to sell. Given that all blockchain transactions are transparent and traceable, this move raises questions about their intentions.
The wallet linked to the $TRUMP team just deposited 3.5M $TRUMP($52.66M) into exchanges again.
— Lookonchain (@lookonchain) May 10, 2025
On this occasion, we’re not dealing with a unique event. In fact, you might remember that back in late April, they moved around $20 million of the meme coin to Binance, OKX, and Bybit. Interestingly enough, the price of TRUMP also increased following the announcement of a dinner with the president at one of his golf venues in Washington D.C.
According to a recent report by Chainalysis, as mentioned in CNBC, it’s suggested that the TRUMP group may have earned approximately $320 million through various activities related to the token. These activities include transaction fees directed towards wallets connected to the creators of the token.
Meanwhile, the U.S. President maintains his assertion that he hasn’t earned a single penny from the increase in value of the meme coin.
Whales Keep Buying
After the announcement last month about a special event with the POTUS scheduled for May 22, exclusively for the top 220 TRUMP holders, there has been a surge of investors buying the shares. Some aim to attend this event, while others are investing in anticipation of potential profits by speculating on the situation.
As the cutoff for token holders approaches in just a few days, on-chain records indicate that a significant investor transferred 4 million USDC to purchase approximately 276,968 TRUMP tokens at $14.44 each. At present, this gives them the privilege of joining the presidential council.
A whale just withdrew 4M $USDC from #Binance to buy 276,968 $TRUMP at $14.44.
— Lookonchain (@lookonchain) May 10, 2025
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2025-05-10 09:22