A massive sell-off of TRUMP Coin is anticipated as the team prepares to unload millions on various exchanges.

A significant selloff of the TRUMP token is currently taking place as major investors start to sell off their holdings. This token, which is closely associated with the Trump family, has come under intense scrutiny as a memecoin. Recently, a sudden transaction from a wallet connected to the TRUMP token team has caused turbulence in the cryptocurrency market. Earlier today, 3.5 million TRUMP tokens valued at $52.66 million were moved to centralized exchanges. The massive transfer has triggered concerns about a potential sell-off, particularly as the scrutiny surrounding the token increases. A $52 million token transfer is causing anxiety in the market. According to information from the Solana explorer Solscan and the blockchain tracker Lookonchain, the wallet has repeatedly transferred millions of TRUMP tokens to various exchanges. All the transfers occurred just a few minutes apart, indicating a distinct trend. By the end of the transactions, the wallet was almost depleted. It was said to have only 0.000003 TRUMP tokens remaining and 1.68 SOL, which is approximately valued at $289. This occurrence implies that the wallet was intentionally drained and could no longer store TRUMP. Additionally, this isn’t the first instance of the wallet executing such significant transfers. It is said that approximately $20 million in TRUMP was moved to exchanges on April 29.