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Based on the latest analysis of Lookonchain, one wallet associated with the TRUMP token group sent a whopping 3.5 million TRUMP tokens on May 10, 2025. That stash is valued at roughly $52.66 million across multiple exchange platforms.
When so much enters exchanges all at once, it can trigger massive price movements and increased volatility. Traders indicate they’re paying close attention to order books to determine if prices will fall. Meme-coin community tension is building.
Massive Token Transfer Between Exchanges
According to reports, the 3.5 million‑token decrease was allocated on four key platforms. 1.5 million tokens worth approximately $22.41 million were given to Binance. 1 million tokens, worth around $15.06 million, were distributed to OKX. Both Bybit and Coinbase received 500,000 tokens, approximately worth $7.53 million and $7.48 million, respectively.
The wallet linked to the $TRUMP team just deposited 3.5M $TRUMP($52.66M) into exchanges again.https://t.co/9nc4YjTvxEhttps://t.co/Y8lStmCWyw pic.twitter.com/alY3TRv1oz
— Lookonchain (@lookonchain) May 10, 2025
Such distribution might facilitate availability for trade or be a starting point in selling. Using the top exchanges’ choice shows the owner’s accessibility. Statistics come directly from the public blockchain.
Market Maker Joins The Fray
Simultaneously, market maker Cumberland DRW transferred 300,000 tokens to OKX for approximately $4.4 million. Combined with previous deposits, over $24 million worth of TRUMP tokens flowed onto exchanges in recent days.
Chain observers noted the timing, as the activity preceded a high-profile political reception on May 22. Some investors are concerned it is a sign of a group exit strategy among large holders.
Others point out that market makers will frequently swap tokens to hedge against risk and balance order books. Either situation keeps eyes fixed on the next giant transfer.
WLFI Increases Crypto Holdings
Meanwhile, a wallet associated with World Liberty Financial purchased 1,587 ETH for approximately $3.5 million. It also acquired 9.7 wrapped Bitcoin, valued at approximately $1 million.
That spree comes on the heels of another $19.58 million token deposit that appeared on exchanges on April 29.
A wallet likely linked to #Trump’s World Liberty(@worldlibertyfi) bought 1,587 $ETH($3.5M) and 9.7 $WBTC($1M) ~30 minutes ago.https://t.co/0qWkRUhm0D pic.twitter.com/KaYsTQrQ6G
— Lookonchain (@lookonchain) May 9, 2025
WLFI is associated with a political figure, which adds to the hype surrounding the TRUMP token. Analysts say this action indicates the group is serious about holding and transferring large amounts in crypto.
Price Movements Indicate Volatility
Despite sell-off fears, TRUMP increased 2.50% over the last 24 hours and was trading at $14.09 at press time. That’s lower than a recent high of $15.15. The token’s market cap is close to $2.85 billion and 24‑hour volume is almost $2.77 billion.
Large transactions on the chain such as these will usually initiate quick changes in price. Traders will have their eyes glued on exchange books and social media feeds in the next few days.
If another whale decides to shift tokens, markets will respond in an instant. TRUMP token is still at the mercy of its largest holders and the timing of their trades for now.
Featured image from Unsplash, chart from TradingView
