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Trump Token Team Moves $249M to CEXs Amid Price Decline

Guavy AI Editorial Team
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The team behind the Donald Trump (TRUMP) token has moved approximately $249 million worth of tokens to centralized exchanges over the past eight months. According to on-chain monitoring platform EmberCN, 81.87 million TRUMP tokens were transferred at an average price of $3.04.

The large transfers have raised concerns among investors about possible selling pressure. As a result, the TRUMP token price has fallen 5.8% over the past 24 hours.

The team still controls a significant share of the token supply, with around 718 million TRUMP tokens remaining in their wallets, worth approximately $1.49 billion at current prices.

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