TRUMP Meme Coin Insider Moves $52 Million to Exchanges

The creators of the TRUMP meme coin transferred over $52 million worth of tokens to centralized exchanges, sparking controversy about the project's motives and transparency.

This token, themed after US President Donald Trump, has attracted significant attention since its launch but is now facing scrutiny over internal activities and market impact.

TRUMP team describes the transfer of $52 million in tokens as 'liquidation activity'

On May 10th, the blockchain analysis platform Lookonchain revealed that the team behind TRUMP sent 3.5 million tokens, valued at over $52 million, to three major exchanges: Binance, OKX, and Bybit.

According to the company, Binance received the largest portion with 1.5 million tokens, estimated at $22 million. OKX followed with 1 million tokens worth $15 million, while Bybit received over 500,000 tokens valued at $7.5 million.

However, the TRUMP token group claims that the transfer aims to enhance liquidity and maintain stable market access.

They explained that these tokens come from a pre-designated liquidation wallet created during the project's launch. The group also assured users that all recently unlocked tokens have been re-locked and will remain so for 90 days.

"Demand for $TRUMP has been enormous. On 10/05/2025 around 1:30 AM UTC, 3.5 million $TRUMP will be transferred to exchanges to further support liquidity activities to ensure continuous availability of $TRUMP for both buyers and sellers. All this liquidity is provided from a liquidity wallet from the initial launch," the group stated.

Although the group claims that token transfer is part of regular liquidity management, recent findings suggest a different story.

A CNBC report, citing Chainalysis, reveals that the team behind TRUMP earned over $320 million from transaction fees.

Moreover, there is a significant disparity in investor results. Among over two million wallets holding TRUMP, around 760,000 are currently at a loss.

In contrast, only 58 wallets have earned over $10 million each, totaling approximately $1.1 billion in profits.

This stark disparity indicates that a small group of insiders may have captured most of the value created by the token.

Essentially, the project's close association with Trump, combined with uneven profits and insider gains, continues to raise doubts about its fairness and long-term viability.

According to BeInCrypto data, the token rose to $77 on its first trading day. However, it has dropped 86%, trading near $14 at the time of writing.