Based on Lookonchain’s latest analysis, one wallet associated with the Trump Token Group sent a whopping 3.5 million Trump tokens on May 10, 2025.
Entering into exchanges at once for many exchanges can cause a massive price movement and increase volatility. Traders show that they are paying close attention to their orders to determine whether prices will fall. Tensions are being built in the Memecoin community.
Large token transfers between exchanges
Reports have found a sharp decline of 3.5 million times across four major platforms. 1.5 million tokens worth approximately $22.41 million have been given to Binance. A million tokens worth approximately $15.06 million have been distributed to OKX. Both Bybit and Coinbase received 500,000 tokens, worth around $7.53 million and $7.48 million, respectively.
The wallet linked to the $Trump team has just left the 3.5m $Trump ($526,600,000) in exchange. https://t.co/9nc4yjtvxehttps://t.co/y8lstmcwyw pic.twitter.com/aly3trv1ozoz
– lookonchain (@lookonchain) May 10, 2025
Such distributions can promote trade availability and can be a starting point for sales. Use the Top Exchange selection to view owner accessibility. Statistics are provided directly from the public blockchain.
Market makers join the fight
At the same time, market maker Cumberland DRW transferred 300,000 tokens to OKX for around $4.4 million. Combined with previous deposits, more than $24 million in recent Trump tokens have flowed into exchange.
Chain Observers paid attention to timing as their activities preceded the famous political welcome on May 22nd. Some investors are concerned that it is a sign of a group exit strategy among large owners.
Others point out that market makers frequently exchange tokens to balance and balance risk. In either situation, I keep my eyes on the next huge transfer.
WLFI increases crypto retention
Meanwhile, the Wallet associated with World Liberty Financial purchased 1,587 ETH for around $3.5 million. It also acquired 9.7 lap Bitcoin, worth around $1 million.
The fuss comes just after an additional $19.58 million token deposit posted on the exchange on April 29th.
#Wallets likely linked to Trump’s World Freedom (@worldlibertyfi) are $1,587 eth ($3.5 million) and $9.7 wbtc ($1m) – 30 minutes ago. https://t.co/0qwkruhm0d pic.twitter.com/kaystqrq6g6g6g
– lookonchain (@lookonchain) May 9, 2025
The WLFI is associated with political figures and adds to the hype surrounding the Trump token. Analysts say the action shows the group is serious about holding and transferring large amounts of crypto.
Price movements indicate volatility
Despite fear of selling, Trump has grown 2.50% over the past 24 hours, trading at $14.09 at press. This is lower than the recent high of $15.15. The token has a market capitalization of nearly $2.85 billion, with a 24-hour volume of nearly $2.77 billion.
Large transactions on a chain like these usually start a quick price change. Traders will be blinded to exchange books and social media feeds over the next few days.
If another whale decides to shift the token, the market will respond immediately. Trump tokens are at the mercy of the biggest holders so far and the timing of their dealings.
Unsplash featured images, TradingView charts
