In a move that’s stirring fresh waves across the crypto market, a wallet linked to the TRUMP Coin team has just deposited a massive $52.66 million worth of TRUMP tokens onto centralized exchanges. The transaction, first spotted by on-chain analytics platform Lookonchain, has raised eyebrows and fueled fears of a potential sell-off.
$52M Token Shift Sparks Concern
According to Solana-based blockchain data, the wallet in question moved 3.5 million TRUMP tokens to various exchanges—an action not without precedent, but one that’s particularly significant given its timing. This wallet, known by the address CDW1AUngA1WorM4xZaSqv8vCbhJd68BSHgV69uxqpCfc, now holds a minuscule 0.000003 TRUMP and roughly 1.68 SOL (around $289), indicating a full-scale asset drain after the transfer.
The speed and volume of today’s transactions, executed within minutes of each other, have drawn comparisons to previous coordinated dumps observed from the same wallet. These patterns have led many traders to brace for heightened volatility in TRUMP token’s price.
Déjà Vu for TRUMP Holders?
This isn’t the wallet’s first big move. Just over a week ago, on April 29, the same address was tied to a $20 million token transfer to exchanges—suggesting a possible strategy or staged liquidation plan by the project’s insiders.
While the motives remain speculative, some analysts believe this could be part of a pre-planned distribution phase or liquidity event, rather than a panic sale. Still, the scale of the transfer has rattled sentiment in the community, particularly as political interest in the token intensifies.
Politics and Price Action Collide
As of writing, TRUMP token is trading at $14.34, with market momentum pointing toward a potential surge to $15.40 within the next 24 hours. However, if more tokens are dumped in the short term, that trajectory could face some turbulence.
On the political front, the token has come under scrutiny after Democratic senators raised concerns about an upcoming dinner involving top TRUMP token holders and former President Donald Trump himself. The intersection of crypto hype and political headlines continues to inject both attention and controversy into the TRUMP ecosystem.
What’s Next?
With whale wallets moving large sums and regulatory shadows creeping in, all eyes are on the TRUMP token’s next price move. Will the market absorb the sell pressure and bounce, or is this just the beginning of a broader sell-off?
Either way, for TRUMP holders, this isn’t a moment to tune out.
