A wallet linked to the TRUMP token team has deposited 1,346,000 TRUMP tokens (approximately worth $19.58 million) into various cryptocurrency exchanges.
According to information shared by the cryptocurrency analysis platform Lookonchain, a wallet reportedly associated with the TRUMP token team transferred a significant amount of tokens to major exchanges. The report states that this wallet distributed a total of 1,346,000 TRUMP tokens to leading cryptocurrency exchanges such as Binance, OKX, and Bybit 9 hours ago.
Although the purpose of this large transfer, worth $19.58 million, has not yet been clarified, it is believed that the team plans to take operational steps such as providing liquidity or selling tokens. A transfer of this magnitude has the potential to affect market dynamics.
Following this large transfer, the TRUMP token price and market movements are being closely monitored.
According to CoinGecko data, the TRUMP coin, which has seen a significant rise in recent weeks, has started to decline in parallel with rumors of sales from the team. At the time of writing, TRUMP is finding buyers at $14.
Stay tuned for new developments.