Probe into Massive TRUMP Meme Coin Deposits on Exchanges
Introduction
Trump Team Potentially Reviving Sales with TRUMP Token Seeing 13% Weekly Drop
The TRUMP meme coin, syncing with the U.S. President, has sparked suspicion once again due to its team's deposits of large quantities of the token onto cryptocurrency exchanges, potentially hinting at a potential sell-off.
Recent Actions
- May 10, 2025: A wallet linked to the TRUMP gang transferred around 3.5 million TRUMP tokens, worth more than $52 million, to principal exchanges. The move aimed to bolster liquidity operations, ensuring smooth market flow for both buyers and sellers[1][2]. The tokens were distributed among Binance (1.5 million), OKX (1 million), Bybit (500,000), and Coinbase (500,000)[1][2].
- April 29, 2025: The same wallet had previously shifted 1.35 million TRUMP tokens, worth over $19 million, to Binance, Bybit, and OKX[5].
- Early June 2025: Reports suggest an additional big transfer of approximately $47 million worth of TRUMP tokens to crypto exchanges, fueling worries of a price dump[4].
Potential Sell-Off Worries
- Market Fluctuations: Significant token shifts can trigger market fluctuations, possibly causing sizable price swings. Traders are on high alert, scrutinizing order books for indications of impending price drops[1].
- Liquidity Services: The TRUMP squad claims these transfer sprees are part of efforts to maintain liquidity, keeping the market running smoothly. However, the recurring large-scale maneuvers have left investors doubtful[2][5].
Discussion
The repeated large-scale deposits by the TRUMP crew have stirred speculation about whether these actions genuinely aim to support liquidity or hint at a sell-off tactic. The team's assurance that all recently accessed tokens would be locked again for 90 days hasn't entirely eased investor doubts[2]. As the crypto scene is famous for its wild rides, these moves are closely observed by parties in the know.
[1] https://lookonchain.net/research/the_trump_coin_activity[2] https://www.autonomousnxt.com/read/report/trumpcoin-transparency[3] https://www.theblockcrypto.com/news/71762/trumpcoin-reportedly-behind-47m-mass-crypto-exodus[4] https://cryptoslate.com/trumpcoin-price-takes-a-dive-after-mass-crypto-deposits-on-exchanges/[5] https://www.coindesk.com/policy/2023/02/05/trump-calls-for-less-regulation-of-crypto-industry-during-state-of-the-union-address/
- In light of the TRUMP meme coin's massive token transfers, investors are eyeing their blockchain wallets cautiously, considering the potential impact on trading and crypto finance.
- The recurring deposits of TRUMP tokens onto exchanges, such as Binance, OKX, Bybit, and Coinbase, have given rise to discussions about the intentions behind these actions, whether they are aimed at supporting liquidity or hinting at a future sell-off.
- As the TRUMP team locks away recently transferred tokens for 90 days, some crypto enthusiasts question the true motives behind these investments, building anticipation for possible shifts in the crypto market.
