Trump-Linked Wallet Moves $32.8M in TRUMP Coin to Binance
A wallet tied to the Trump-themed TRUMP meme coin transferred 3.527 million TRUMP tokens (approximately $32.8 million) to Binance, according to Lookonchain analytics. Since April 28, affiliated wallets have moved a total of 12.54 million TRUMP tokens (around $150.68 million) across Binance, Coinbase, OKX and Bybit. Such large inflows to exchanges often signal an impending sell-off, fueling concerns over downward price pressure on the politically charged meme coin. The last major transaction occurred on June 4, when $46.9 million in TRUMP was deposited to multiple exchanges. Meanwhile, Eric Trump announced that the family-backed crypto venture World Liberty Financial will purchase a “substantial” amount of TRUMP coins after settling a recent dispute over a competing wallet offering. Traders will be watching for potential market volatility as assets are reorganized or monetized.
Bearish
Large TRUMP coin inflows to Binance and other exchanges typically precede sell-offs, creating downward price pressure. Historical patterns—such as the $46.9 million deposit on June 4—have led to short-term volatility. While Eric Trump’s announcement of a family-backed purchase may provide moderate support, traders are likely to react to heavy exchange deposits by selling, driving bearish sentiment in the near term. Over the long haul, strategic buys could stabilize prices, but immediate market impact remains negative.