The creators of the TRUMP meme coin have moved over $52 million value of tokens to centralized exchanges, sparking debate concerning the mission’s motives and transparency.
The token, themed after US President Donald Trump, has gained huge consideration since its launch, however now faces scrutiny over insider exercise and market impression.
TRUMP Workforce Describes $52 Million Token Switch as ‘Liquidity Operations’
On Might 10, on-chain analytics platform Lookonchain revealed that the workforce behind TRUMP deposited 3.5 million tokens, valued at greater than $52 million, throughout three main exchanges—Binance, OKX, and Bybit.
In line with the agency, Binance acquired the biggest share at 1.5 million tokens, estimated at $22 million. OKX adopted with 1 million tokens value $15 million, whereas Bybit acquired simply over 500,000 tokens valued at $7.5 million.
Nevertheless, the TRUMP token workforce claimed the switch aimed to strengthen liquidity and preserve steady market entry.
They defined that the tokens got here from a pre-designated liquidity pockets created through the mission’s launch. The workforce additionally assured customers that every one not too long ago unlocked tokens had been relocked and would stay so for 90 days.
“Demand for $TRUMP has been tremendous. On May 10, 2025 at approximately 1:30 am UTC, 3.5 million $TRUMP will be moved onto exchanges to further support liquidity operations to help ensure continued availability of $TRUMP for both buyers and sellers. All of this liquidity is being provided from a liquidity wallet from the initial launch,” the workforce acknowledged.
Whereas the workforce maintains that the token transfers are a part of routine liquidity administration, current findings counsel a special story.
A CNBC report, citing Chainalysis, revealed that the workforce behind TRUMP has earned over $320 million in buying and selling charges.
Moreover, there’s a extensive hole between investor outcomes. Of greater than two million wallets holding TRUMP, roughly 760,000 are at the moment at a loss.
In sharp distinction, solely 58 wallets have every revamped $10 million, collectively netting about $1.1 billion in earnings.
This stark imbalance suggests {that a} small group of insiders might have captured many of the worth generated by the token.
Primarily, the mission’s shut affiliation with Trump, mixed with uneven returns and insider earnings, continues to solid doubt on its equity and long-term viability.
In line with BeInCrypto information, the token surged to $77 on its first buying and selling day. Nevertheless, it has since plummeted by 86%, buying and selling close to $14 on the time of writing.
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