The development team associated with US President Donald Trump’s official memecoin $TRUMP sent 3.5 million $TRUMP tokens worth $32.8 million to crypto exchange Binance minutes ago, according to crypto onchain data.
The data reveals that crypto wallets associated with the development team have sent 12.54 million $TRUMP tokens worth a total of approximately $150.68 million to exchanges in four batches since April 28.
According to the data, there are a total of $ 7.3 billion worth of altcoins on cryptocurrency exchanges associated with this memecoin and thought to belong to developers. Almost all of these are $TRUMP tokens. Currently, approximately 200 million of the $TRUMP tokens with a supply of 1 billion tokens are in circulation. A significant portion of the remaining tokens remain locked in developer wallets, and these tokens will be put into circulation over time.
The current market value of the $TRUMP memecoin is around $1.8 billion. At its peak, this market value exceeded $9 billion.
*This is not investment advice.