3.5 Million TRUMP Tokens Transferred to Exchanges Valued at $52.66 Million
On May 10, 2025, a wallet linked to the TRUMP token group transferred 3.5 million TRUMP tokens, valued at approximately $52.66 million, across several exchanges. This large influx can lead to significant price shifts and increased volatility.
Token Distribution Details
- 1.5 million tokens (~$22.41 million) sent to Binance
- 1 million tokens (~$15.06 million) sent to OKX
- 500,000 tokens (~$7.53 million) sent to Bybit
- 500,000 tokens (~$7.48 million) sent to Coinbase
This distribution may facilitate trading or initiate selling strategies. Market maker Cumberland DRW also transferred 300,000 TRUMP tokens to OKX, totaling over $24 million in recent exchange activity.
Market Observations
Investors are monitoring these movements closely due to their potential implications for market stability. Concerns arise about possible exit strategies among large holders ahead of a political event on May 22.
World Liberty Financial Activity
A wallet linked to World Liberty Financial purchased 1,587 ETH for ~$3.5 million and 9.7 wrapped Bitcoin for ~$1 million, following a previous deposit of $19.58 million on April 29.
Current Price Status
Despite concerns over sell-offs, the TRUMP token rose by 2.50% in the last 24 hours to $14.09, with a market cap near $2.85 billion and a 24-hour volume close to $2.77 billion. Traders remain focused on potential large transactions that could affect prices in the near future.