TRUMP Team Wallet Deposits 3.5M $TRUMP ($52.66M) into Exchanges
- TRUMP team deposits 3.5M tokens worth $52.66M into exchanges on May 10, 2025.
- Binance, OKX, Bybit, and Coinbase collectively received more than $24 million token.
- $TRUMP increased 3.34% to $14.26 on volume of $2.77 billion.
A wallet associated with the $TRUMP token group has created a buzz in the market after transferring large numbers of tokens into several exchanges. According to Lookonchain, the wallet transferred 3.5 million $TRUMP tokens worth approximately $52.66 million into trading platforms on May 10, 2025.
The cryptocurrency market has been shaken by this major on-chain event. Lookonchain reported that the deposit occurred around the same time the $TRUMP team posted publicly on social media. The massive transfer has raised concerns among traders about possible selling pressure, potentially affecting the tokens price stability.
Over $24 Million in $TRUMP Tokens Hit Exchanges
The deposits were split across major exchanges: Binance received 1.5 million $TRUMP tokens worth $22.41 million; OKX got 1 million tokens worth $15.06 million, Bybit and Coinbase each received 500,000 tokens, valued at $7.53 million and $7.48 million, respectively. This redistribution is seen as a move to ensure liquidity or possibly offload tokens.
Moreover, market maker Cumberland DRW moved 300,000 tokens onto OKX for a total amount of $4.4 million. When added to prior deposits, more than $24 million in $TRUMP tokens entered exchanges, sparking fears of a coordinated exit plan. The moves occur just prior to the high-profile political dinner on May 22.
During these token transactions, interest also shifted to World Liberty Financial (WLFI), which is associated with Donald. A wallet purportedly associated with WLFI bought 1,587 ETH for $3.5 million and 9.7 WBTC worth $1 million. It follows another $19.58 million Tokens deposit to exchanges on April 29.
Such persistent high-activity behavior implies aggressive market positioning or imminent large event preparation. With its connection to political branding and speculative investment, wallet movement of any noteworthy sort tends to have an impact on overall sentiment among meme coin community investors.
Price Hits $14.26 with Market Volatility
Despite impending fears, the $TRUMP token increased 3.34% over the last 24 hours and is currently trading at $14.26. Down from its recent high of $15.13, the token has a market cap of $2.85 billion and a trading volume of $2.77 billion, a 30.68% volume surge.
With a volume-to-market cap ratio approaching 97%, investor activity in intense. Its fully diluted valuation stands at $14.26 billion, underscoring substantial speculative interest. Whether the recent transactions signify a sell-off or strategic reshuffling, it remains a magnet for crypto volatility.
Read More: Trump-Linked USD1 Stablecoin Sees $2.12 Billion Market Cap on BNB Chain.
Read more: https://www.tronweekly.com/trump-team-wallet-deposits-3-5m-trump-52-66m/
Text source: TronWeekly
