Trump Team Makes Another Move: That Altcoin Plummets Following $172 Million Transaction

Donald Trump’s team has increased selling pressure in the market by adding another to its large-scale TRUMP token transfers carried out over the last five months.

As activity continues in the cryptocurrency markets, moves from the Donald Trump camp remain at the focus of investors. According to data shared by the on-chain data analysis platform Lookonchain, the Trump team recently transferred millions of dollars worth of MAGA (TRUMP) tokens. It is estimated that this move was made with the intention of sending the assets to exchanges to be liquidated.

In the latest transaction, the team moved approximately 10.84 million TRUMP tokens, worth about $16.91 million, out of their wallets. The data shows that these assets were first transferred to platforms providing custody services, from where they will likely be sent to centralized exchanges. This situation has triggered expectations of a new wave of selling within the community.

Trump Team Sales Put Pressure on Price

Looking at historical data, the Trump team is seen to have transferred a total of 48.25 million TRUMP tokens in three major waves over the last five months. The total market value of these transfers has reached approximately $172.4 million. Data from the charts reveals that the meme coin price experienced sharp declines after each major transfer, losing more than 66 percent of its value during this period.

According to current market data, the TRUMP price is trading around the $1.55 level following the major loss experienced over the last five months. The asset undergoes a new test with each move by the team. Investors are closely monitoring how the price will react following these massive transfers.