The Official Trump (TRUMP) token has retained most of last week’s earnings. In the past day, team-connected wallets were sending tokens to centralized exchanges.
A wallet linked to the Official Trump (TRUMP) token sent out transactions to centralized exchanges in the past day. The tokens flowed into Binance, OKX, and Bybit, which are among the most active markets for TRUMP.
The flagged address transferred out all TRUMP, leaving only a small dust balance. Following last day’s active trading, TRUMP fell to $14.04, with relatively high trading volumes of $1.5B in 24 hours. The token is down by 6.9%, after facing selling pressure on DEX pairs.
The team wallets deposited a total of 1.346M TRUMP, valued at $19.58M. The deposits coincided with a weakening TRUMP price, down from a peak of $15.59.
TRUMP to feel selling pressure from token unlocks
Based on recent trading activity, both retail and whales are becoming exit liquidity for the team. The selling arrives just days after one of the first team unlocks, which can now be sold at a higher price range.
TRUMP will continue to unlock $6.89M of tokens each day in the coming week, based on its predetermined calendar.
The team moved tokens just as other whales and willing buyers were actively trading the hype. In the past day, TRUMP saw a mix of whales realizing profits and others trying to build larger TRUMP positions. The token also caused peak transfers on Solana.
Whales are still accumulating TRUMP, aiming for the top 25 positions in the holders’ leaderboard. The 25th largest holder now carries 113,989.238 TRUMP, raising the bar for other buyers. Just a day ago, the cutoff amount was at around 109K TRUMP.
Based on Bubblemaps data, the wallets of Crypto.com and Robinhood also see significant activity, revealing mainstream retail interest in TRUMP.
TRUMP tokens are highly active on the Robinhood and Crypto.com wallets. | Source: Bubblemaps
The token is active on all types of swapping services. In addition to top centralized exchanges, TRUMP is building up highly active DEX pairs. On-chain data shows TRUMP managed to climb as the most active meme token on DEX, followed by POPCAT and FARTCOIN.
With $SOL climbing back to $150, some Solana ecosystem tokens are seeing fresh accumulation over the past 3D.
Top 3 tokens by DEX buy volume -> All memes, of course 🤷♂️
🥇 $TRUMP (celeb meme)
🥈 $FARTCOIN (AI meme)
🥉 $POPCAT (cat meme)
Solana stays undefeated in meme culture.… pic.twitter.com/rUVc7uo0tA
— Alphanomics 💧 (@Alphanomics_io) April 29, 2025
TRUMP is still considered a celebrity meme token with insider holdings, but it shares some influence with cult memes. The asset remains attractive for its high liquidity on multiple markets, and even the token unlocks are seen as bullish, as long as the token gains hype and visibility.
Open interest for TRUMP remains permanently elevated, at over $480M. For the past week, open interest climbed from the previous baseline of $280M. Traders still do not dare to short the token, instead taking mostly long positions in anticipation of ongoing price strength.
While the Trump Dinner incentive is seen as a gimmick, the announcement managed to boost the market’s momentum, keeping TRUMP to its higher price range.
TRUMP also gains attention from the activities of World Liberty Fi and the recently launched USD1. The new stablecoin already has a supply of over $500M, and has been accumulated by market makers. USD1 is mostly active on BNB Smart Chain, while TRUMP is boosting the Solana ecosystem.
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