TRUMP Token Slides 3.34% as $32.8M Outflow Spurs Volatility Despite ETF and Treasury News

Official Trump (TRUMPUSDT) experienced a 3.34% price decline over the past 24 hours, with the current price at $8.97 on Binance, opening at $9.28. This downward movement is primarily attributed to significant token outflows from wallets associated with Trump, which transferred approximately $32.8 million in TRUMP tokens to an exchange on June 24, contributing to total outflows exceeding $150 million since late April. These large transfers likely increased selling pressure and contributed to the recent price drop. Additionally, while recent news about the NYSE filing to list a Trump Media dual-asset BTC/ETH ETF and Trump Media’s plans to raise up to $2.5 billion for a bitcoin treasury have generated attention, these developments have not yet translated into positive price momentum for the TRUMP token. Trading volume remains high at over $317 million in the last 24 hours, and the market cap is approximately $2 billion, with ongoing volatility driven by political narratives and large-scale token movements.