TRUMP Meme Coin Team Moves $32.8M to Binance Amid Mounting Market Concerns

In Brief:

3.53M TRUMP tokens worth $32.8M were transferred to Binance on June 21.

Over $150M in TRUMP tokens have been moved to exchanges since April, raising sell-off fears.

The team behind the Solana-based TRUMP meme coin has transferred 3.527 million tokens—valued at approximately $32.8 million—to Binance, according to blockchain data from Lookonchain. This follows a pattern of large-scale deposits totaling over $150 million across Binance, OKX, and Bybit since April. Although the project claims the transfers aim to support liquidity, analysts warn that such unsignaled movements can spark fear and price drops. TRUMP's value has fallen roughly 90% from its January peak of $75, now trading around $8.68. Adding to the uncertainty is political scrutiny over the coin’s branding and alleged influence operations, which both the team and TikTok have denied. The token’s market outlook remains unstable amid growing investor skepticism.

‍