The wallets connected to the development team behind the memecoin TRUMP, associated with the President of the United States Donald Trump, transferred today 3.5 million tokens, worth approximately 32.8 million dollars, to Binance. This transfer immediately raised doubts regarding a possible increase in future selling pressure.
Summary
Accumulated sales: over 12.5 million TRUMP tokens outgoing
On-chain data shows that, starting from the end of April, the team has liquidated over 12.5 million TRUMP tokens on various exchange platforms, for a total value close to 151 million dollars. These movements occurred in four main selling tranches, highlighting a gradual divestment strategy.
The total amount of TRUMP tokens is set at a maximum of one billion, however, only about 200 million are currently in circulation. The rest remains locked in the developers’ wallets, which implies that the gradual release of these tokens can cause dilution concerns and price volatility.
TRUMP memecoin: current valuation and developer control
The market capitalization of the TRUMP memecoin stands today at around 1.8 billion dollars, a drastic drop compared to the peak of 9 billion reached at the beginning of the year. Nevertheless, the developers still seem to hold tokens with an estimated value of 7.3 billion dollars, accounted for through the exchange wallets attributed to the project.
While the release of additional TRUMP tokens could lead to an increase in the circulating supply, investors remain attentive to understand whether the project will maintain its positive momentum, or if the team is orchestrating a liquidation strategy to monetize before the possible decline.
Risk Analysis: Volatility and Dilution
The continuous issuance of tokens by the developers could cause an increase in the volatility of the TRUMP price, given that the majority of the total remains in the hands of a few entities. Consequently, a massive and sudden sale seems a concrete risk, fueling doubts about the medium-term growth margins.
The initial enthusiasm that led to the market capitalization record of 9 billion dollars is no longer supported by current data. With the market value having dropped drastically, the crucial question remains whether TRUMP can maintain its relevance on the wave of President Donald Trump‘s popularity, or if the project is destined to lose momentum.
Conclusions: vigilance and outlook
The movement of millions of TRUMP tokens highlights how the developers exert significant control over the overall supply, creating tensions on price stability. However, this dynamic also suggests an opportunity for investors to closely observe the project’s next moves.
Consequently, monitoring future transfers and market conditions will be crucial to interpret the trajectory of TRUMP. In the meantime, those interested in the token should carefully assess the potential risks related to volatility and dilution before making investment decisions.
