A portfolio linked to the Trump Memecoin team transferred 3.5 million tokens worth more than $ 52 million to trade on May 10, arousing sales concerns. The transfer, the second by the address in the last two weeks, comes after the recent price gains.
According to Lookonchain, the same address had moved 1.35 million Trump worth more than $ 19 million in Binance, Bybit and OKX on April 29. Such exchanges transfers generally point out a sale of tokens.
The portfolio linked to $ Trump The team has just deposited 3.5m $ Trump(52.66 million dollars) in exchanges again.https://t.co/9NC4YJTVXhttps://t.co/y8stmcwyw pic.twitter.com/ALY3TRV1OZ
– Lookonchain (@lookonchain) May 10, 2025
However, an article in the X account (formerly Twitter) of the Memecoin said that this sale is intended to raise capital to support the liquidity operations of the token. The message noted that Trump's request is very high.
He said:
“The request from $ Trump was enormous. On May 10, 2025, around 1:30, $ 3.5 million Trump will be transferred to exchanges to support liquidity operations more to ensure the continuous availability of $ Trump for buyers and sellers.”
However, the observers noted that the position was after the address had moved the funds. However, it is better than the actions of the team behind the Melania Memecoin, who has been selling the tokens for almost two months without any public declaration.
Despite the clarification, Trump is down more than 2% today, marking a correction after his recent gains. The token is negotiated at more than $ 14 and earned more than 10% last week. It has also increased by 77.77% in the last 30 days, suggesting a strong rebound even if it is negotiated more than 70% below its cutting -edge value.
In comparison, Melania Memecoin is down 5% today to $ 0.3662 and continues to dive into value despite short -term rebounds due to recent gains in the cryptography market. The poor performance is mainly due to continuous dumping by the team behind the project and contributed to its 97.2% drop in the top of all time.
The initiates have achieved more than $ 300 million in Trump profits
While Trump Token Insiders may not sell the same for profit, they already have millions of the project. According to CNBCQuoting the analysis chain data, few people took advantage of the Trump even at the expense of thousands.
The data say that the creators of tokens have made $ 320 million in negotiation costs since its launch, while paying 5% of this in Meteora, the decentralized platform where the token is negotiated. Beyond the costs, 58 portfolios also made profits of more than $ 10 million each on the token, which meant more than $ 1.1 billion in profits.
Although these initiates have made profits, the data show that around 764,000 addresses have lost money because they bought the token. Chainalysis noted that most of these addresses are retail traders.
Despite the losses of most of the investors who bought the token, more people always buy. Trump recently climbed after the project announced an exclusive dinner with the president for the best holders, and more than 100,000 addresses have bought the same since then.
Trump affiliations could harm the legislative efforts of cryptography
Meanwhile, the president's bonds with the projects and cryptographic entities are now faced with a meticulous examination and could affect the industry. Although Trump's pro-Crypto efforts have considerably deregulated the sector, criticisms think that the president also benefits from these efforts,
According to a recent report of State Democracy FundThe net value of the Trump family increased by $ 2.9 billion due to links with the crypto. The report said that cryptographic assets, especially same, nfts and other tokens, now represent 40% of net value.
Democrats criticizing the president's conflict of interest, optimism around the congress adopting Pro-Crypto legislation has decreased. In the Senate, the Stablescoin bill has recently not adopted procedural vote because the Pro-Crypto Democrats have withdrawn their support.
Although these senators claim that it is because the bill has inadequate provisions, many believe that the cryptos of the American president are a key reason. Stakeholders are now afraid that the decline against the bill affects other pro-Crypto efforts to the congress.
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