Recently, a scandal erupted in the crypto world: one of the major buyers of tokens $TRUMP , linked to Donald Trump, was suspected of being involved in the sharp decline of the token $MOVE , the native asset of the Movement network. According to analysts, the individual who purchased a significant volume of TRUMP at the price peak ($75 in January 2025) may have been connected to a mass sell-off of MOVE, which led to a 20% drop in its value within a day. This raised suspicions of market manipulation similar to a 'pump and dump' scheme.
Although there is currently no direct evidence, experts are pointing to the timing of transactions and the concentration of assets in wallets associated with the buyer of TRUMP. The Movement network has already experienced a scandal involving token distribution, and this incident may tarnish its reputation. Meanwhile, TRUMP, despite its volatility, maintains a capitalization of $2.9 billion as of July 2025. The crypto community is divided: some see this as a speculative attack, while others view it as another example of meme coin instability.
The situation underscores the need for stricter regulation of the crypto market. Stay tuned for news! Subscribe to #MiningUpdates
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