The team behind the TRUMP meme coin moved 3.5 million tokens to centralized exchanges on May 10.
The transfer totaled more than $52 million, based on data from on-chain analytics platform Lookonchain.
Binance received the largest share—1.5 million TRUMP tokens, worth around $22 million. OKX followed with 1 million tokens, valued at $15 million, and Bybit got 500,000 tokens worth about $7.5 million.
The TRUMP meme coin gained popularity for its branding linked to former U.S. President Donald Trump. However, the latest token movement raised questions about insider activity and the project’s financial structure.
TRUMP Team Describes Transfer as Liquidity Operations
In a public statement, the TRUMP token team said the transfer aimed to improve market stability. They stated that all tokens came from a designated liquidity wallet created at the project’s launch.
“Demand for $TRUMP has been tremendous,” the team stated.
“On May 10, 2025 at approximately 1:30 am UTC, 3.5 million $TRUMP will be moved onto exchanges to further support liquidity operations to help ensure continued availability of $TRUMP for both buyers and sellers.”
The team added that all newly unlocked tokens were relocked and will remain inaccessible for 90 days. They emphasized that the liquidity operations were part of the original plan.
The statement did not address the timing or the broader impact on holders, which remains a topic of discussion in the market.
Insider Profits Reach $320 Million, Most Holders at a Loss
According to CNBC, which cited data from Chainalysis, the team behind the TRUMP meme coin earned more than $320 million in trading fees.
From over 2 million wallets that hold the TRUMP token, around 760,000 are currently at a loss. This means more than one-third of holders bought the token at a higher price than its current value.
Only 58 wallets made over $10 million each, collecting a total of $1.1 billion in profits. These numbers suggest a large share of the token’s value went to a small group of TRUMP insiders.
This data has drawn attention to how the token has been distributed and the impact on regular investors.
TRUMP Coin Price Drops 86% Since Launch
The TRUMP coin price reached a peak of $77 on its first trading day. It has since fallen sharply. As of May 10, the TRUMP token trades around $14, down 86% from its high.
The decline occurred despite the team’s claim of ongoing demand. The market behavior contrasts with the stated goals of increasing availability through liquidity operations.
The drop in the TRUMP coin price puts additional focus on the $52 million token transfer and the timing of insider gains.