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The project team behind the TRUMP meme coin transferred 6.97 million tokens, worth approximately $23.18 million, to a BitGo custody wallet, indicating a potential deposit to a centralized exchange.
Large investors accumulated over $8.8 million in TRUMP tokens to qualify for an exclusive event, while a subsequent $17 million team transfer to an exchange created significant selling pressure.
U.S. President Donald Trump announced a second exclusive Mar-a-Lago luncheon for the top 297 holders of the $TRUMP token, an asset currently trading approximately 96% below its all-time high.
A wallet linked to the TRUMP token team transferred 5 million tokens, valued at $14.4 million, to the Binance exchange, raising concerns of an impending sell-off.
Official Trump (TRUMP) current price is $3.01, up 1.44% today.
Official Trump (TRUMP) daily trading volume is $109.3M
Official Trump (TRUMP) current market cap is $700.0M
Official Trump (TRUMP) current circulating supply is 232.4M
Official Trump (TRUMP) fully diluted market cap (FDV) is $3.0B