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Trump Token Craters 33% Amid $6.21M OKX Transfer Fears

Guavy AI Editorial Team
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TRUMP TRU
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The price of Trump Token (TRUMP) plummeted by 33% following a reported $6.21 million transfer to OKX, fueling concerns about potential selling pressure.

The 2.62 million tokens were moved from wallets connected to the token's management, sparking worries that they could be sold on the exchange, which holds them in a more liquid and easily tradable form.

Trump Token has faced controversy since its launch on January 17, 2025, with concerns about insider holdings, token sales, investor losses, and presidential involvement.

The token's price volatility is compounded by supply concentration risks, as SEC papers show that companies related to Donald Trump have significant control over the supply, which could put downward pressure on the TRUMP token price.

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