CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Crypto Potato 2025-06-05 06:45:00

Is Official Trump Team Selling Again as TRUMP Token Dumps 13% Weekly?

TL;DR Reports have emerged once again that the team behind the meme coin linked to the US President has started to deposit large portions of the asset to exchanges, most likely with the intention to sell. A few weeks after the special TRUMP token holders’ dinner, the meme coin has slumped in value, almost erasing all of its hype-driven gains. Lookonchain’s report on the matter indicates that a wallet linked to the TRUMP team had transferred almost $47 million worth of the token to several exchanges, including the usual suspects Binance and Coinbase. Although such moves do not guarantee that a sell-off will occur, they certainly hint at such potential outcomes as large investors and the teams behind various projects do not tend to store assets on exchanges. In general, they deposit funds when it’s time to cash out. The wallet linked to the $TRUMP team deposited 4.17M $TRUMP ($46.97M) into #Binance , #OKX , #Coinbase and #Bybit again 3 hours ago. https://t.co/Mkk5VIjIFW https://t.co/exlbszngIQ pic.twitter.com/wy8y3ko15b — Lookonchain (@lookonchain) June 4, 2025 In the case of the TRUMP team, this is far from the first similar transfer. They made multiple deposits in the past few months, especially in April, when the asset’s price started to gain traction after the US President’s invitation to a special dinner event with him. The top 220 holders had the opportunity to visit the event, which took place on May 22 in one of the POTUS’ golf establishments. Ever since the dinner was announced, the suspicious activity levels have gone through the roof, which prompted the Democrats to call for an investigation . Nevertheless, the US President continues to deny profiting from the meme coin, even when he was asked directly by NBC News’ Kristen Welker. TRUMP’s price, expectedly, skyrocketed when the dinner was announced and almost doubled its value within a few weeks, going up to $16. However, it has been mostly downhill since then and is now under $11 after another 13% weekly dump. The post Is Official Trump Team Selling Again as TRUMP Token Dumps 13% Weekly? appeared first on CryptoPotato .

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.