TRUMP Crashes 33% as Team Moves $6.2M to Exchanges After Recent Surge

The token hit a 5-month-peak yesterday and the team behind it started selling immediately, according to on-chain data. The cryptocurrency market received a massive push over the past several days, with bitcoin gaining $15,000 in less than 48 hours, while the altcoins followed suit with big gains. Many meme coins did the same, including Official Trump (TRUMP) – one of the tokens linked to the First Family. However, as it has happened numerous times in the past, the team behind the asset has seemingly taken advantage just to sell more portions of it. TRUMP Team Sells Again? Citing on-chain data from Arkham Intelligence, Lookonchain reported hours ago that the TRUMP team sent another 2.62 million coins to OKX. In terms of USD value, the transfer was worth roughly $6.2 million. Although this doesn’t necessarily mean that the team has sold, sending tokens to exchanges, especially given their track record and the recent price pumps, hints heavily that they have offloaded more of the asset. The #Trump team transferred out another 2.62M $TRUMP($6.21M) an hour ago. The 2.62M $TRUMP ($6.21M) was then deposited into #OKX.https://t.co/gayhdrY7fy pic.twitter.com/PmHRbAmksb — Lookonchain (@looko...