TRUMP Token Team Moves $249 Million to Exchanges but Holds 72% of Supply

The team behind the TRUMP token has moved 81.87 million tokens, worth around $249 million, to centralized exchanges like Binance and OKX over the past eight months. This figure, calculated at an average price of $3.04 per token, highlights significant activity from team-linked wallets. However, the transfers do not confirm actual sales or proceeds received by the team.

Despite these movements, the team retains control over 718 million tokens, which amounts to 72% of the total supply of 1 billion TRUMP tokens. The original allocation to the team was 800 million tokens, subject to a three-year unlocking schedule. The recent transfers represent just 8.2% of the total supply and 10% of the team's original allocation.

Market observers have noted a recent drop in TRUMP's price, trading near $2.06 on October 5, down 6% in 24 hours. While exchange inflows can indicate potential selling pressure, the impact on prices depends on various factors, including actual sales and market demand. The team's substantial holdings and the upcoming unlocking schedule remain key points of interest for traders and investors.

The remaining 718.1 million tokens held by the team were valued at approximately $1.49 billion at the time of the report. However, this valuation fluctuates with market conditions and does not guarantee immediate liquidation value. The unlocking schedule also means that some tokens may still be subject to release restrictions.