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Crypto

Trump Token Tanks 33% After Team Sells $6.2M

Guavy AI Editorial Team
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TRUMP TRU
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The Official Trump token (TRUMP) plummeted by 33% after its team moved $6.2 million to exchanges following a recent surge.

According to on-chain data, the token hit a 5-month peak yesterday and the team behind it started selling immediately. This has become a pattern for the TRUMP team, as they have sold portions of the asset during previous price pumps.

The token skyrocketed yesterday, re-entering the top 100 alts by market cap. However, after sales reports emerged, it slumped to $2.40 from its peak of $3.60, which was its highest price tag since March.

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