TRUMP Meme Coin Workforce Sparks Dump Fears With $19M Transfer

Contents

TRUMP Meme Coin Deposits Made Similar Week As Huge Unlocks Merchants Brace For TRUMP Dump As Democrats Launch Inquiry Into Upcoming Dinner Associated Articles:

Be a part of Our Telegram channel to remain updated on breaking information protection

The TRUMP meme coin crew has triggered alarm amongst buyers after shifting $19.6 million value of tokens to main crypto exchanges, simply days earlier than a non-public dinner with Donald Trump for the token’s prime 220 holders.

Lookonchain’s on-chain knowledge reveals that the crew despatched 1.35 million TRUMP tokens to Binance, OKX, and Bybit up to now 24 hours. The deposits landed the identical week that $300 million in TRUMP tokens are set to be unlocked.

The crew had beforehand informed buyers that the unlocked tokens wouldn’t be offered, however merchants now worry a dump. In the meantime, Democratic Senators Adam Schiff and Elizabeth Warren are calling for an ethics inquiry into the upcoming TRUMP dinner.

TRUMP Meme Coin Workforce Sparks Dump Fears With M Transfer

TRUMP Meme Coin Deposits Made Similar Week As Huge Unlocks

The on-chain knowledge cited by Lookonchain confirmed the vast majority of the tokens within the current deposit have been despatched to Binance, with 700,000 TRUMP tokens despatched to the main centralized crypto change. Of the remaining tokens, 350,000 and 296,000 tokens have been despatched to OKX and Bybit, respectively.

Whereas the transfer by the TRUMP token crew could possibly be for market making causes, the timing of the deposits has merchants on edge and bracing for a possible dump.

The tokens have been despatched in the identical week that $300 million in tokens will probably be unlocked from vesting and every day locks, with $7.35 million in tokens anticipated to enter the crypto’s provide per day this week.

The deposits additionally come after the meme coin’s crew assured buyers that the unlocked tokens wouldn’t be offered.

The response and pleasure over the competitors to have “Dinner with President Trump” is wonderful! We wish to make clear a couple of issues individuals appear to be confused by on X and within the Media.
-You want $300K+ to take part (You Do not)
-That we’re unlocking into this competitors (We’re…
— TrumpMeme (@GetTrumpMemes) April 24, 2025

Merchants Brace For TRUMP Dump As Democrats Launch Inquiry Into Upcoming Dinner

The TRUMP tokens have been additionally despatched forward of the upcoming dinner for the highest 220 TRUMP meme coin holders on Sept. 5. One X consumer warned the tokens will seemingly be offered after the highest holders have been finalized, whereas one other warned of impending volatility.

When the deposits begin, the actual video games often aren’t far behind. Watching intently
— Ryzz (@RyzzFi) April 29, 2025

Whereas merchants brace for a possible TRUMP selloff, US Senator Adam B. Schiff and Elizabeth Warren have launched an inquiry into the upcoming TRUMP holders’ dinner.

In a submitting to the US Workplace of Authorities Ethics Director, the democratic lawmakers requested an “pressing inquiry” into the President’s invitation to prime TRUMP holders, which triggered the token’s capitalization to surge by $100 million.