The TRUMP memecoin team transferred tokens worth over $52 million to centralized exchanges
It was explained that the transfers are part of efforts to support the liquidity of the memecoin
Most token holders are at a loss, while insiders have earned over $320 million
The TRUMP team asks not to panic
On May 10, the on-chain analytics platform Lookonchain reported that the team behind the TRUMP token had listed 3.5 million tokens worth over $52 million on three major exchanges — Binance, OKX, and Bybit. According to Lookonchain, Binance received the largest share — over 1.5 million tokens worth about $22.5 million. OKX received 1 million tokens worth $15 million, while Bybit received 500 thousand tokens valued at $7.5 million.
However, the TRUMP team stated that the transfer was aimed at strengthening liquidity and maintaining stable market access. They explained that the tokens came from a predetermined liquidity wallet created at the project's launch. The team also assured users that all recently unlocked tokens have been locked again and will remain frozen for 90 days.
"The demand for $TRUMP has been enormous. On May 10, 2025, at approximately 1:30 UTC, 3.5 million $TRUMP will be transferred to exchanges to support liquid operations, ensuring the availability of $TRUMP for both buyers and sellers. All this liquidity is provided from a liquidity wallet that has existed since the initial launch," says the team.
The public does not believe
Although the project team claims that the token transfers are part of routine liquidity management, recent data paints a different picture. A CNBC report citing Chainalysis states that the TRUMP team earned over $320 million in trading fees.
In addition, there is a significant gap in investor profitability. Of the more than two million wallets holding TRUMP, about 760 thousand are currently at a loss. In comparison, only 58 wallets have earned over $10 million each.
