TL;DR
- On-chain information shared by Lookonchain reveals that the Official Trump crew deposited one other sizeable batch of the asset to centralized exchanges yesterday.
- Whereas they’ve completed this previously on quite a few events, this specific switch raises questions on inside data, because it got here simply hours earlier than the US attacked Iran.
The pockets linked to the #TRUMP crew deposited one other 3.527M $TRUMP ($32.8M) to #Binance half-hour in the past.
Since April 28, wallets linked to the #TRUMP crew have deposited a complete of 12.54M $TRUMP($150.68M) to exchanges in 4 batches.https://t.co/SwzribrM5d pic.twitter.com/26IksmyHvM
— Lookonchain (@lookonchain) June 21, 2025
It was only a few months in the past when TRUMP skyrocketed because the US President invited the highest 220 holders to attend a particular dinner occasion with him within the States. Naturally, folks rushed in to purchase the token, which doubled in worth in days and exceeded $16 in late April.
Nevertheless, speculators began to take earnings off the desk, and TRUMP corrected virtually instantly. However, it remained above $10 for the following a number of weeks earlier than Israel’s assaults towards Iran happened final week.
The previous 24 hours have been notably brutal to altcoins because the US joined Israel in attacking Iran. That is evident by the rising bitcoin dominance, and the Official Trump meme coin has not been spared. The asset has slumped by over 6% on a each day scale and now trades nicely beneath $9.
Because of this many X customers questioned whether or not the crew was conscious of what was to happen simply hours after they transferred greater than $32 million value of TRUMP to Binance.
It’s value noting that the US President confirmed the assaults at 00:50 BST (19:50 native time) on his social media platform, Reality Social, which was a number of hours after the transfers to Binance.
The put up Insider Selloff? Trump Wallets Offload TRUMP Tokens Hours Earlier than US-Iran Conflict appeared first on CryptoPotato.