$TRUMP Coin Team Dumps Millions to Exchanges: Is a Major Sell-Off Incoming? 🚨📉
A massive TRUMP token transfer hit centralized exchanges today as a team-linked wallet dumped $52.66 million in assets.
According to Lookonchain, a wallet address linked to the TRUMP token team has deposited 3.5 million tokens to centralized exchanges.
Solana-based on-chain data shows that the wallet associated with the TRUMP team deposited 3.5 million tokens (~$52.66 million) to CEXs. This isn’t the wallet’s first major transfer, but its timing has raised fresh concerns across the market.
Reviewing Solscan data, one can spot that the wallet with the address
‘CDW1AUngA1WorM4xZaSqv8vCbhJd68BSHgV69uxqpCfc,’ transferred tokens to a centralized exchange.
The transaction records on Solscan show active transfers from the wallet to exchanges earlier today. Each transfer occurred within minutes, consistent with previous coordinated dumps.
Solana explorer data confirms the wallet still holds a small balance with just 0.000003 TRUMP tokens remaining. It also shows around 1.68 SOL ($289) left in the address, further suggesting it has been drained post-transfer.
With previous deposits also traced to this wallet, traders are now closely watching TRUMP token’s price action. The sudden scale of this $52 million transfer may exert some short-term pressure.