TRUMP Token Drops 5.74% as 3.5 Million Tokens Move to Binance, Market Eyes Further Declines

TRUMPUSDT declined by 5.74% over the past 24 hours on Binance, opening at $9.23 and closing at $8.70. The price drop is primarily attributed to the transfer of 3,527,344 TRUMP tokens from the official project vault to a Binance hot wallet, as reported by blockchain monitoring services, which may have raised concerns about potential increased supply or upcoming sales. Broader bearish sentiment in the crypto market, heightened by recent volatility linked to President Trump's public profile and shifting involvement in crypto ventures, has also contributed to the downward pressure. Trading activity remains robust, with recent daily volumes exceeding $1.2 million on major exchanges and the market cap estimated near $2 billion, but short-term forecasts project further declines amid prevailing uncertainty.