According to data recorded by Onchain Lens on July 11, a cryptocurrency wallet associated with the team behind the TRUMP project transferred 722,010 TRUMP tokens to the Coinbase exchange. At the time of the transaction, the total value of these tokens was estimated at around $7.03 million.
The move to transfer a large number of TRUMP tokens to a major exchange like Coinbase is typically seen by analysts as a signal of potential selling, which could impact the token's market price. The fact that a wallet related to the project's development team is making a large-scale transaction has attracted significant attention from the investment community and traders, especially in the context of the volatile meme token market.
The TRUMP token is one of the meme tokens inspired by US President Donald Trump, which has strongly attracted attention in the market recently due to its personal brand factor and social media spread.
