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The Trump Meme Coin team has been alarming to investors after moving $ 19.6 million worth of tokens to major crypto exchanges, just days before a private dinner with Donald Trump for the top 220 token holder.
Lookonchain on-chain data Showing that the team has sent 1.35 million Trump tokens to Binance, OKX, and Bybit in the past 24 hours. Deposits have reached the same week of $ 300 million in Trump's tokens are set to be locked.
The team had earlier told investors that locked tokens would not be sold, but now entrepreneurs are afraid of a dump. Meanwhile, democratic senators Adam Schiff and Elizabeth Warren have called for an ethics inquiry at Trump's upcoming dinner.
Trump Meme Coin deposits made the same week as massive unlocking
On-chain data mentioned by Lookonchain showed most of the tokens in recent deposits were sent to Binance, with 700,000 Trump Sent tokens to the leading centralized crypto exchange. Of the remaining tokens, 350,000 and 296,000 tokens were sent to OKX and Bybit, respectively.
While moving the Trump token team may be for making market factors, the timing of deposits has the side traders and Bracing For a potential dump.
Tokens were sent in the same week $ 300 million in tokens would be locked From vesting and sunny locks, with $ 7.35 million in tokens expected to enter the crypto supply each day this week.
Deposits also came after the Meme Coin team that investors assured that locked tokens would not be sold.
The response and excitement in the competition to have “dinner with President Trump” is amazing! We want to clarify some things that seem confusing people to X and the media.
-You need $ 300k+ to participate (not you)
-A that we are opening to this competition (we …– TrumpMeme (@gettrumpmemes) April 24, 2025
Businessmen pay for Trump's fall as Democrats launch at the upcoming dinner
Trump's tokens are also sent ahead of Coming dinner For the top 220 Trump Meme Coin Holders in Sept. 5. An x user warned The tokens are likely to be sold after the top holders are finished, while another warns of the upcoming volatility.
When deposits start, real games are usually not far behind. Watching closely
– Ryzz (@ryzzfi) April 29, 2025
While entrepreneurs are guarding for a potential sale of Trump, US Senators Adam B. Schiff and Elizabeth Warren have launched an inquiry into Trump's upcoming dinner.
In a File In the US Office of Government Ethics Director, democratic lawmakers asked for an “urgent questioning” of the President's invitation to Trump holders, which caused the token token to the token of $ 100 million.
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