If there’s one thing more predictable than bad reality TV, it’s the drama surrounding a meme coin connected to a certain outspoken former president. Recently, the on-chain data spilled the tea: the TRUMP meme coin team has been moving mountains of tokens to centralized exchanges. Translation: “We might be cashing out while you still think this is fun.”
The crypto crowd wasn’t shy about their skepticism—mostly because nobody enjoys being the last one holding the bag, especially when the bag smells like fried ballpark peanuts and broken dreams.
TRUMP to Exchanges
The coin’s been a rollercoaster since its debut, timed suspiciously close to that unforgettable inauguration party that still gives people that “What did I just witness?” feeling. Between centralized control, opaque token unlocks, and price swings that would make a roller coaster jealous, the whole operation has been about as transparent as a tinted limo on a foggy night.
Then, like a bizarre episode of the Apprentice, news dropped that the top 220 holders would be VIP guests at a dinner on Trump’s golf course—because nothing says “elite investor club” like mingling over chardonnay and driving ranges. Naturally, this made crypto traders rush to buy faster than you can say “fake news,” catapulting the price by roughly 100% in what might be the most expensive dinner invite ever.
Among the glitterati was Justin Sun, who apparently secured a golden ticket to a White House tour and some seriously exclusive RSVP bragging rights. Meanwhile, others were busy playing financial Jenga, cashing out right after the hype—or betting against the whole thing, because why not add a little chaos after a surreal price spike?
Cue Lookonchain, who noted that the TRUMP team’s wallet deposited a jaw-dropping 1,346,000 $TRUMP tokens (about $19.58M worth) into Binance, OKX, and Bybit. So, yeah, the “dump” fans were probably halfway to popcorn by then.
A wallet linked to the $TRUMP team deposited 1,346,000 $TRUMP($19.58M) into #Binance, #OKX, and #Bybit 9 hours ago.
— Lookonchain (@lookonchain) April 29, 2025
Of course, sending tokens to centralized exchanges doesn’t 100% mean they’re selling—it could be they’re just moving their digital laundry to the cleaners. Still, in crypto world, when wallets start shuffling tokens like a Vegas dealer, you don’t exactly expect a friendly game of Go Fish to break out.
The community quickly raised its eyebrows about the political circus wrapped up in blockchain glitter. Because when your investment has a tie to Trump, you’re probably asking not just if it’s a good buy, but if your portfolio just joined a particularly messy episode of “The West Wing.”
MELANIA Team Doing the Same?
And if you thought the drama was exclusive to Trump, think again. The MELANIA token—named after the First Lady and likely dreamed up over a glass of Chardonnay at Mar-a-Lago—also danced its way up in price, from $0.375 to $0.55 before settling down like a toddler after a sugar crash at $0.44.
Lookonchain also caught the MELANIA crew executing a “DCA” (Dollar Cost Averaging) strategy, slowly unloading tokens in a way that screams “we’re just casual about cashing out, promise.” In fact, they sold about 1.18 million tokens for 4,230 $SOL (around $632K), then followed up with another 2 million tokens sold. It’s like watching a slow leak in a luxury yacht—subtle, but you better keep an eye on the captain.
The #Melania team didn’t just add or remove liquidity to sell $MELANIA, they also employed a DCA strategy for direct sales!
2 days ago, they sold 1.18M $MELANIA for 4,230 $SOL($632K) using the DCA strategy.
Today, they are selling another 2.01M $MELANIA($938K) through the DCA…
— Lookonchain (@lookonchain) April 28, 2025
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2025-04-29 08:39