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TRUMP Token Team Moves $249M to Exchanges Amid Price Drop

Guavy AI Editorial Team
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TRUMP TRU
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The Donald Trump (TRUMP) token team has moved 81.87 million TRUMP tokens worth $249 million to centralized exchanges over the past eight months, raising concerns about possible selling pressure.

According to on-chain monitoring platform EmberCN, the transfers were made at an average price of $3.04 and occurred in several large transactions, including a recent transfer of 11.25 million TRUMP tokens worth around $26 million two weeks ago.

The team still holds 718 million TRUMP tokens, which is roughly 71.8% of the total supply, worth about $1.49 billion at current prices.

The transfers have contributed to a decline in the TRUMP token price, which fell by 5.8% over the past 24 hours.

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