Trump Plummets 33% as Team Moves $6.2M to Exchanges Post-Surge

Crypto Market Surge Sees Meme Coin TRUMP Plunge After Team Moves Millions to Exchanges

The cryptocurrency market experienced a significant surge in recent days, with Bitcoin climbing $15,000 in under 48 hours, a trend that altcoins largely mirrored with substantial gains. Among the beneficiaries were several meme coins, including Official Trump (TRUMP), a token associated with the First Family. However, in a pattern that has become familiar, the team behind the asset appears to have capitalized on the rally by selling off portions of the token.

On-chain data, as reported by Lookonchain and citing Arkham Intelligence, indicates that the TRUMP team recently transferred 2.62 million coins to the cryptocurrency exchange OKX. This transaction was valued at approximately $6.2 million. While the mere transfer of tokens to an exchange does not definitively confirm a sale, the team’s history, coupled with the recent price surge, strongly suggests that they have indeed offloaded more of the asset.

The TRUMP token emerged just 48 hours prior to Donald Trump’s inauguration as U.S. President in January 2025. It rapidly ascended to an all-time high exceeding $73 within minutes before undergoing a significant correction. Since then, reports have surfaced following each rebound, alleging that the team has sold portions of the token, despite denials from the former President regarding profiting from it. Nevertheless, several U.S. Senators have called on the Securities and Exchange Commission (SEC) to investigate the meme coin, citing concerns that it may have facilitated fraud or illicit enrichment at the expense of retail investors.

The TRUMP token experienced a dramatic surge yesterday, with gains reaching double and even triple-digit percentages, propelling it back into the top 100 altcoins by market capitalization. The token began its rally below $1.50 and peaked at over $3.60, its highest price since March. However, following the reports of sales, the token was rejected at this high and subsequently slumped to $2.40 as of press time, marking a 33% decline from its recent peak.

Despite this sharp drop, TRUMP remains within the top 100 altcoins, with its market capitalization currently around $600 million. The token’s performance since its January 19 all-time high is starkly evident, trading 97% below that peak. Its all-time low was recorded just last week at $1.37.