TRUMP Meme Coin: Transparency or Hidden Strategy
On May 10, 2025, the crypto world was shocked by the news that the team behind the Donald Trump-themed meme coin, TRUMP, moved over 3.5 million tokens or equivalent to over US$52 million to three leading crypto trading platforms, namely Binance, OKEx, and Bybit.
This action sparked widespread speculation about the real intention behind the move.
Details of Token Transfer to Three Exchanges
Based on on-chain data analysis from Lookonchain, the details of the TRUMP token distribution are as follows:
- Binance: 1.5 million tokens (approximately US$22 million)
- OKX: 1 million tokens (approximately US$15 million)
- Bybit: over 500,000 tokens (approximately US$7.5 million)
The TRUMP team stated that the move was made to increase market liquidity and ensure tokens are available to market participants.
They also confirmed that the newly unlocked tokens have been re-locked and will remain locked for the next 90 days.
Controversy: Market Manipulation Allegations
While the TRUMP team claims its goal is to support liquidity, some have cast doubt on the intent.
Previous reports have suggested that insiders have made more than $320 million in profits, while most token holders have suffered losses.
This has raised concerns that the transfer of tokens to exchanges could be an attempt to sell assets before prices fall further.
Impact on Investors and the Market
This has created uncertainty in the crypto community. Some investors are concerned that the large transfer could trigger significant selling pressure, while others are questioning the development team’s transparency.
Conclusion: Caution is Important
The transfer of $52 million worth of TRUMP tokens to crypto exchanges underscores the need for transparency and clear communication from crypto project developers.
Investors are advised to remain vigilant and conduct thorough research before investing, especially in high-risk projects associated with public figures.
