On May 10, the TRUMP token team transferred 3.5 million tokens worth $52.66 million to leading cryptocurrency exchanges, impacting the market significantly.
Transfer of $52.66 Million to Exchanges
On May 10, 2023, a wallet associated with the TRUMP token team moved 3.5 million $TRUMP tokens, valued at $52.66 million, to major exchanges. The funds were distributed across Binance, OKX, Bybit, and Coinbase. No official statement has been released by the TRUMP team, but a pattern of similar deposits has emerged.
Price Surge of TRUMP Token
Following the transfer, the price of the $TRUMP token increased by 3.34% within 24 hours. Trading volume surged by 30.68%, attracting investor and market speculation.
Unusual Market Reaction
Past large-scale deposits by the TRUMP team have often preceded market fluctuations. However, the recent deposit broke the tradition by causing a price spike. Analysts recommend caution amidst ongoing market volatility.
The financial movements of the TRUMP token team continue to attract investor interest, influencing market dynamics and asset prices.
