TL;DR
- A pockets linked to the Official Trump workforce has deposited one other huge chunk of tokens into crypto exchanges, with the almost definitely intention of making the most of the latest value surges.
- On the identical time, different whales proceed to build up the asset, maybe to safe a spot within the upcoming dinner with the President.
TRUMP Crew Sells Once more?
The controversy across the fourth-largest meme coin continues because the workforce behind it has made one other sizeable transaction into centralized exchanges. Within the newest instance, a pockets linked to them deposited over $52 million price of TRUMP into buying and selling platforms, which is often related to gross sales; in any other case, why would they switch funds to exchanges, as the whole lot on the blockchain is seen and traceable?
The pockets linked to the $TRUMP workforce simply deposited 3.5M $TRUMP($52.66M) into exchanges once more.https://t.co/9nc4YjTvxEhttps://t.co/Y8lStmCWyw pic.twitter.com/alY3TRv1oz
— Lookonchain (@lookonchain) Might 10, 2025
That is removed from the primary comparable occasion. Recall that in late April, the workforce transferred a extra modest $20 million price of the meme coin to Binance, OKX, and Bybit. On the time, TRUMP’s value had additionally risen in worth after the announcement of the upcoming dinner with the president at one among his golf institutions in Washington, DC.
A latest report by Chainalysis, cited by CNBC, indicated that the TRUMP workforce has profited someplace round $320 million from totally different actions with the token, together with charges routed to wallets tied to the creators.
On the identical time, the US President continues to assert that he has not profited even a cent from the meme coin’s value beneficial properties.
Whales Maintain Shopping for
Following the dinner announcement made final month, which says that the highest 220 TRUMP holders can have an opportunity to attend a particular occasion with the POTUS on Might 22, many traders rushed to buy the revenue, some with the plain intention to attend it, others to revenue by speculating.
With only a few days left till the holders’ snapshot deadline is over, on-chain information exhibits that one whale spent 4 million USDC to amass 276,968 TRUMP tokens at $14.44. As of press time, this secures them a seat on the presidential desk.
A whale simply withdrew 4M $USDC from #Binance to purchase 276,968 $TRUMP at $14.44.https://t.co/DG97zijyMu pic.twitter.com/uYCLlSOM72
— Lookonchain (@lookonchain) Might 10, 2025
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