3.5 Million TRUMP Tokens On The Move—Trump Team Makes A Big Play
On May 10, 2025, a wallet linked to the TRUMP token group transferred 3.5 million TRUMP tokens, valued at approximately $52.66 million, across major exchanges. The distribution included 1.5 million tokens to Binance, 1 million to OKX, and 500,000 each to Bybit and Coinbase. This significant transfer could lead to price volatility and has raised concerns among traders about potential price drops. Concurrently, market maker Cumberland DRW sent 300,000 tokens to OKX, contributing to over $24 million in recent TRUMP token deposits on exchanges. Observers noted the timing ahead of a political event on May 22, suggesting a possible exit strategy by large holders. Despite sell-off fears, TRUMP's price increased by 2.50% to $14.09, with a market cap near $2.85 billion and a 24-hour trading volume of nearly $2.77 billion. Large transactions are expected to influence market dynamics significantly.
