A wallet linked to the TRUMP ($TRUMP ) memecoin team transferred 3.5 million tokens, worth over $52 million, to exchanges on May 10, 2025, raising sell-off concerns. This follows a similar transfer of 1.35 million tokens ($19 million) on April 29. The team clarified via X that the move aims to support liquidity operations due to high demand, but the post came after the transfer. TRUMP is down 2% today, trading above $14, despite a 10% weekly gain and 77.77% monthly surge, though it remains 70% below its peak.
In contrast, MELANIA memecoin ($MEME )fell 5% to $0.3662, down 97.2% from its high, largely due to ongoing team selling without public statements. Chainalysis reports TRUMP insiders earned $320 million in trading fees, with 58 wallets profiting over $1.1 billion, while 764,000 retail traders lost money. Despite losses, TRUMP’s value rose after announcing an exclusive dinner with the President for top holders, attracting over 100,000 new buyers.
Trump’s crypto ties, boosting the family’s net worth by $2.9 billion (40% from crypto), face scrutiny. Critics highlight conflicts of interest, potentially jeopardering pro-crypto legislation. A Senate Stablecoin bill recently failed a procedural vote, partly due to Democrats’ concerns over Trump’s crypto affiliations, raising fears of broader legislative setbacks.