Trump Meme's coin creators have moved more than $ 52 million worth of tokens to centralized exchanges, issuing a debate about the motives and transparency of the project.
The token, themed after US president Donald Trump, has gained a lot of attention since its launch, but has now faced an insider activity and market impact.
Trump team described $ 52 million token transfer as' liquidity 'surgery'
On May 10, the On-chain analytics platform of the lookonchain revealed that the team behind Trump deposited 3.5 million tokens, worth more than $ 52 million, throughout the three major exchange-binance, OKX, and Bybit.
According to the firm, Binance received the largest part of 1.5 million tokens, estimated to be $ 22 million. OKX followed 1 million tokens worth $ 15 million, while Bybit received only more than 500,000 tokens worth $ 7.5 million.
However, the Trump token team claimed the move that aims to strengthen liquidity and maintain a steady access to the market.
They explained that the tokens came from a pre-designed liquidity wallet created in the launch of the project. The team also assured users that all recently -locked tokens were relocated and it would remain for 90 days.
“Demand for $ Trump is huge. On May 10, 2025 at about 1:30 am UTC, 3.5 million $ Trump will move in exchanges to further support liquidity operations to help ensure continuous existence of $ Trump for both buyers and sellers. Nakasa said.
As the team maintains that token transfers are part of the liquidity management, recent findings suggest a different story.
A CNBC Report.
Moreover, there is a wide gap between investor outcomes. Of the more than two million wallets holding Trump, approximately 760,000 are currently missing.
In sharp contrast, only 58 wallets each made more than $ 10 million, together netting nearly $ 1.1 billion in revenue.
This imbalance suggests that a small group of insider can get most of the value generated by the token.
Importantly, the close contact of the project with Trump, accompanied by uneven return and income of the insider, continues to doubt the fairness and long-term possibility.
According to Beincrypto data, the token rose to $ 77 on the first day of its trading. However, since it dropped by 86%, trading near $ 14 at the time of writing.
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