Large TRUMP Token Transfers Raise Speculation as MemeCore Sits on $2.8M Unrealized Loss

• Over 2M $TRUMP tokens worth $30M moved from Binance to MemeCore in under two weeks
• MemeCore holds $1.39M $TRUMP at a $2.8M loss amid ongoing price decline to $10.58
• $TRUMP trading volume surged 33% to $774M as whale activity raised short-term volatility

According to on-chain data reviewed during the time of writing, a newly created wallet withdrew 1 million $TRUMP tokens valued at approximately $10.78 million from Binance within the past hour. The movement follows a string of similar high-value transactions between a Binance hot wallet and an address labeled “MemeCore” over the last two weeks.

Between two weeks ago and five days ago, Binance’s hot wallet (5tzFk) recorded multiple large outbound $TRUMP token transfers to the MemeCore wallet (HLJ2V). The most notable movements included 269,899 $TRUMP valued at $3.56 million and 270,000 $TRUMP worth $3.47 million.

The largest single transaction in this window was a separate transfer of 363,000 $TRUMP tokens valued at $4.46 million. A week ago, an additional transaction of 190,987 $TRUMP worth $2.8 million was completed. The total number of $TRUMP tokens transferred from Binance to MemeCore during the observed period exceeded 2 million, with an estimated cumulative value of over $30 million.

One transfer involving a different asset was recorded during the Trump-dominated activity. A batch of 39.674 SOL tokens, valued at roughly $5,800, was moved from Binance. This instance may have represented a test transaction or diversification effort, but no additional non-$TRUMP transfers were identified.

MemeCore’s Average Entry Sees Drawdown

MemeCore previously withdrew 1.39 million $TRUMP tokens from Binance at an average price of $12.82, intended for what was described as a “$TRUMP dinner” event. Based on the current price of $10.58, this position now reflects an unrealized loss of around $2.8 million. Whether these holdings are being held, transferred, or sold remains unclear.

Over the past 24 hours, the price of the $TRUMP token fell more than 6%, moving from intraday highs near $11.25 to lows below $10.60. As of May 6, trading data shows the token trading at $10.58. At the same time, volume increased 33% to $774.77 million from the previous day. They saw a spike in activity around the time of large ongoing transfers, which suggested that big holders were particularly interested or realigning.

Source: CoinMarketCap

The circulating supply of $TRUMP is 199.99 million tokens, with a centric total supply of 999.99 million tokens. The fully diluted valuation of the token is $10.58 billion, and the current market capitalization is approximately $2.11 billion. The volume to market cap ratio currently stands at 36.92%, which means that in the current stage, we are witnessing high volatility and high turnover over a short period.