The cryptocurrency market has been rocked by high-volume exchange transfers from wallets behind the Trump-associated meme coin $TRUMP . In recent weeks, on-chain analysis shows that a total of 12.54 million #TRUMP tokens worth $150.68 million were transferred from wallets believed to belong to the $TRUMP team to major crypto exchanges such as Binance, OKX, and Bybit.
These transfers have created panic among investors, especially at a time when large whale movements are being followed, and have caused serious downward pressure on the price side.
🔥 $32.8 Million #Binance Transfer Rocks the Agenda
Trump and his eponymous native token have made headlines again, especially with the transfer of 3.527 million TRUMP tokens (approximately $32.8 million) directly to Binance. This move has sparked a wave of speculation among investors and analysts. Questions such as “Will these tokens be sold?”, “Is there a new announcement from the Trump front?”, “Or is this a signal of an exit strategy?” began to spread rapidly in the crypto community.
📊 On-chain Movements: $150 Million Transfer in 4 Parties
According to data from on-chain analysis platform Lookonchain on April 29, a wallet affiliated with the $TRUMP token team sent 1,346,000 tokens (approximately $19.58 million) to three major exchanges. In the following days, new transfers far exceeded this amount. The most striking was the second largest transfer worth $52.6 million.
The total of four major transfer waves monitored since April 28:
$12.54 million TRUMP
More than $150.68 million market value
Targeted exchanges: Binance, OKX and Bybit
Although these movements are interpreted as creating liquidity or strategic relocations before new announcements, they have further deepened the uncertainty environment on the investor front.
📉 Price Falls: Bearish Pressure Intensifies in $TRUMP
Intense on-chain activity and fears of selling have triggered a decline in the price of $TRUMP. At the time of writing, the token:
Trading at $9.08
24-hour decrease of 2.4%
Weekly trading volume: 8.9% decrease
Monthly trading volume: 40.9% decrease
Experts state that current technical indicators highlight the possibility of a sideways trend or downward movement for Trump in the short term. The current critical support level is around $9.21. If this support is broken, there is a risk that the price will fall to the $7-9 range.
🚀 Price Predictions Divided: $30 or $100?
The market is divided in two regarding this token named Trump. While some analysts predict that the token price could reach $30-50, especially with the start of Trump's election campaign, others have started talking about the potential to rise above $100 with the hype factor.
However, current on-chain data reveals that selling movements are dominant in the short term, suppressing the price. In particular, the huge token transfers of wallets affiliated with the project team have created a trust problem.
🧠 Conclusion: Is $TRUMP Being Sold Before It Rises?
The fact that wallets affiliated with Trump made such a large token outflow, especially at a time when the election atmosphere is entering, raised the question of "Is this an opportunity being missed or is there manipulation?".
While the strategy behind these transfers will become clearer in the coming period, investors should be cautious. A possible Trump election victory could pave the way for this token to rise again, but current on-chain signals clearly show that selling pressure continues in the short term.
