TRUMP Token Team Dumps Millions to Exchanges: Sell-Off Incoming?
The post TRUMP Token Team Dumps Millions to Exchanges: Sell-Off Incoming? appeared on BitcoinEthereumNews.com.
A massive TRUMP token transfer hit centralized exchanges today as a team-linked wallet dumped $52.66 million in assets. According to Lookonchain, a wallet address linked to the TRUMP token team has deposited 3.5 million tokens to centralized exchanges. On-Chain Evidence Points to Major Dump Solana-based on-chain data shows that the wallet associated with the TRUMP team deposited 3.5 million tokens (~$52.66 million) to CEXs. This isn’t the wallet’s first major transfer, but its timing has raised fresh concerns across the market. Reviewing Solscan data, one can spot that the wallet with the address ‘CDW1AUngA1WorM4xZaSqv8vCbhJd68BSHgV69uxqpCfc,’ transferred tokens to a centralized exchange. The transaction records on Solscan show active transfers from the wallet to exchanges earlier today. Each transfer occurred within minutes, consistent with previous coordinated dumps. Solana explorer data confirms the wallet still holds a small balance with just 0.000003 TRUMP tokens remaining. It also shows around 1.68 SOL ($289) left in the address, further suggesting it has been drained post-transfer. With previous deposits also traced to this wallet, traders are now closely watching TRUMP token’s price action. The sudden scale of this $52 million transfer may exert some short-term pressure. Market Watches for a TRUMP Token Sell off The wallet’s repeated activity has now created speculation related to the token in the market. Some analysts suggest it may mark the start of a planned token release or liquidation phase. Given the political branding and hype surrounding the token, even routine movements trigger strong reactions. If this wallet continues offloading assets, a major TRUMP token sell-off could be on the cards. At the time of writing, the token is currently at $14.34 and is expected to hit a price mark of $15.4 in the next 24 hours. This isn’t the first time the TRUMP coin has seen movement. A week ago,…
