the team sells 3.5 million tokens on Binance
The post the team sells 3.5 million tokens on Binance appeared on BitcoinEthereumNews.com. The wallets connected to the development team behind the memecoin TRUMP, associated with the President of the United States Donald Trump, transferred today 3.5 million tokens, worth approximately 32.8 million dollars, to Binance. This transfer immediately raised doubts regarding a possible increase in future selling pressure. Accumulated sales: over 12.5 million TRUMP tokens outgoing On-chain data shows that, starting from the end of April, the team has liquidated over 12.5 million TRUMP tokens on various exchange platforms, for a total value close to 151 million dollars. These movements occurred in four main selling tranches, highlighting a gradual divestment strategy. The total amount of TRUMP tokens is set at a maximum of one billion, however, only about 200 million are currently in circulation. The rest remains locked in the developers’ wallets, which implies that the gradual release of these tokens can cause dilution concerns and price volatility. TRUMP memecoin: current valuation and developer control The market capitalization of the TRUMP memecoin stands today at around 1.8 billion dollars, a drastic drop compared to the peak of 9 billion reached at the beginning of the year. Nevertheless, the developers still seem to hold tokens with an estimated value of 7.3 billion dollars, accounted for through the exchange wallets attributed to the project. While the release of additional TRUMP tokens could lead to an increase in the circulating supply, investors remain attentive to understand whether the project will maintain its positive momentum, or if the team is orchestrating a liquidation strategy to monetize before the possible decline. Risk Analysis: Volatility and Dilution The continuous issuance of tokens by the developers could cause an increase in the volatility of the TRUMP price, given that the majority of the total remains in the hands of a few entities. Consequently, a massive and sudden sale seems…
The post the team sells 3.5 million tokens on Binance appeared on BitcoinEthereumNews.com.
The wallets connected to the development team behind the memecoin TRUMP, associated with the President of the United States Donald Trump, transferred today 3.5 million tokens, worth approximately 32.8 million dollars, to Binance. This transfer immediately raised doubts regarding a possible increase in future selling pressure. Accumulated sales: over 12.5 million TRUMP tokens outgoing On-chain data shows that, starting from the end of April, the team has liquidated over 12.5 million TRUMP tokens on various exchange platforms, for a total value close to 151 million dollars. These movements occurred in four main selling tranches, highlighting a gradual divestment strategy. The total amount of TRUMP tokens is set at a maximum of one billion, however, only about 200 million are currently in circulation. The rest remains locked in the developers’ wallets, which implies that the gradual release of these tokens can cause dilution concerns and price volatility. TRUMP memecoin: current valuation and developer control The market capitalization of the TRUMP memecoin stands today at around 1.8 billion dollars, a drastic drop compared to the peak of 9 billion reached at the beginning of the year. Nevertheless, the developers still seem to hold tokens with an estimated value of 7.3 billion dollars, accounted for through the exchange wallets attributed to the project. While the release of additional TRUMP tokens could lead to an increase in the circulating supply, investors remain attentive to understand whether the project will maintain its positive momentum, or if the team is orchestrating a liquidation strategy to monetize before the possible decline. Risk Analysis: Volatility and Dilution The continuous issuance of tokens by the developers could cause an increase in the volatility of the TRUMP price, given that the majority of the total remains in the hands of a few entities. Consequently, a massive and sudden sale seems…
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