Trump Memecoin Team Sends $33M in Tokens to Binance, Fueling Selloff Concerns

Wallets linked to the development team behind the TRUMP memecoin — associated with U.S. President Donald Trump — transferred 3.5 million tokens (worth $32.8 million) to Binance earlier today, raising questions about future sell pressure.

According to on-chain data, the team has offloaded over 12.5 million TRUMP tokens to exchanges since late April, amounting to nearly $151 million. These transactions were executed in four major batches.

While the total supply of TRUMP is capped at 1 billion tokens, only about 200 million are currently in circulation, with the remainder still locked in developer wallets. The gradual release of these tokens continues to spark concerns about dilution and price volatility.

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The memecoin’s market capitalization currently sits at $1.8 billion, a steep drop from its $9 billion peak earlier this year. Developers reportedly still control roughly $7.3 billion worth of TRUMP tokens, based on exchange wallet holdings attributed to the project.

As more tokens potentially make their way into circulation, investor attention is shifting toward whether the project can sustain its hype — or if developers are simply preparing to cash out.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.