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The team behind the Solana-based TRUMP meme coin, a digital asset connected to US President Donald Trump’s brand, has moved 3.527 million tokens (equivalent to about $32.8 million) to Binance.
This transaction is the latest in a string of significant token deposits to centralized exchanges, sparking fresh concerns about the team’s intentions and the potential impact on market stability.
Nearly $150 Million in TRUMP Tokens Have Been Moved
Blockchain analysis platform Lookonchain reported that this latest transfer, conducted on June 21, forms part of a larger pattern.
However, the project representatives previously claimed that the movement of tokens aimed to support liquidity and ensure smooth trading conditions. They also stated that the tokens came from a wallet created specifically for this purpose during the project’s launch phase.
Despite those assurances, the token’s market value has continued to decline.
According to BeInCrypto data, TRUMP has lost around 6% over the past day and currently hovers near $8.68 as of press time. Since its January debut, the token’s value has dropped by around 90% from its peak of over $75.
“Congressman, claiming that the owners of TikTok are buying ‘Trump Coins’ is patently false and irresponsible and doesn’t even accurately reflect a letter you signed last month,” the video-sharing platform stated.
These issues mean the outlook for TRUMP remains uncertain due to the growing skepticism about the token’s utility and persistent price declines.
XRP grew out of its years-long poor price performance in 2025. Although the token did not surpass the already set ATH milestone, it surged significantly and crossed the $3 mark. However, consolidation periods also occurred at times, as various macroeconomic and geopolitical events emerged and would continue to do so. Let’s discuss. XRP Major Events