TRUMP Crashes 33% as Team Moves $6.2M to Exchanges After Recent Surge
The cryptocurrency market acquired an enormous push over the previous a number of days, with bitcoin gaining $15,000 in lower than 48 hours, whereas the altcoins adopted go well with with massive features.
Many meme cash did the identical, together with Official Trump (TRUMP) – one of many tokens linked to the First Family. However, as it has occurred quite a few instances prior to now, the group behind the asset has seemingly taken benefit simply to promote extra parts of it.
TRUMP Team Sells Again?
Citing on-chain knowledge from Arkham Intelligence, Lookonchain reported hours in the past that the TRUMP group despatched one other 2.62 million cash to OKX. In phrases of USD worth, the switch was price roughly $6.2 million.
Although this doesn’t essentially imply that the group has bought, sending tokens to exchanges, particularly given their monitor report and the current worth pumps, hints closely that they’ve offloaded extra of the asset.
The #Trump group transferred out one other 2.62M $TRUMP($6.21M) an hour in the past.
The 2.62M $TRUMP ($6.21M) was then deposited into #OKX.https://t.co/gayhdrY7fy pic.twitter.com/PmHRbAmksb
— Lookonchain (@lookonchain) August 23, 2026
The asset noticed the sunshine of day simply 48 hours earlier than Donald Trump was inaugurated as US President in January 2025. It flew to an all-time high of over $73 in minutes earlier than it began correcting closely.
Since then, experiences have emerged after each rebound that the group behind it has bought some parts of it, despite the fact that the POTUS has denied cashing in on the token. Nevertheless, a number of US Senators urged the SEC to examine the meme coin, arguing that it could have facilitated fraud or illegal enrichment on the expense of retail traders.
Pump and Dump
As talked about above, TRUMP skyrocketed yesterday by double- and even triple-digit percentages and re-entered the highest 100 alts by market cap. It stood beneath $1.50 when its rally started and topped $3.60 at its peak, which turned its highest price ticket since March.
However, it was rejected there and slumped to $2.40 as of press time, which represents a 33% dump from its native peak after the gross sales experiences emerged.
Nevertheless, it stays inside the high 100 alts as its personal market cap sits at round $600 million. On the opposite hand, its demise for the reason that January 19 ATH is greater than evident, as it trades 97% away from that peak. Its all-time low got here final week at $1.37.
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