The cryptocurrency market acquired a large push over the previous a number of days, with bitcoin gaining $15,000 in lower than 48 hours, whereas the altcoins adopted swimsuit with massive positive aspects.
Many meme cash did the identical, together with Official Trump (TRUMP) – one of many tokens linked to the First Household. Nonetheless, because it has occurred quite a few instances prior to now, the crew behind the asset has seemingly taken benefit simply to promote extra parts of it.
TRUMP Group Sells Once more?
Citing on-chain knowledge from Arkham Intelligence, Lookonchain reported hours in the past that the TRUMP crew despatched one other 2.62 million cash to OKX. When it comes to USD worth, the switch was value roughly $6.2 million.
Though this doesn’t essentially imply that the crew has offered, sending tokens to exchanges, particularly given their observe file and the current worth pumps, hints closely that they’ve offloaded extra of the asset.
The #Trump crew transferred out one other 2.62M $TRUMP($6.21M) an hour in the past.
The two.62M $TRUMP ($6.21M) was then deposited into #OKX.https://t.co/gayhdrY7fy pic.twitter.com/PmHRbAmksb
— Lookonchain (@lookonchain) August 23, 2026
The asset noticed the sunshine of day simply 48 hours earlier than Donald Trump was inaugurated as US President in January 2025. It flew to an all-time excessive of over $73 in minutes earlier than it began correcting closely.
Since then, stories have emerged after each rebound that the crew behind it has offered some parts of it, despite the fact that the POTUS has denied benefiting from the token. However, a number of US Senators urged the SEC to analyze the meme coin, arguing that it might have facilitated fraud or illegal enrichment on the expense of retail buyers.
Pump and Dump
As talked about above, TRUMP skyrocketed yesterday by double- and even triple-digit percentages and re-entered the highest 100 alts by market cap. It stood under $1.50 when its rally started and topped $3.60 at its peak, which turned its highest price ticket since March.
Nonetheless, it was rejected there and slumped to $2.40 as of press time, which represents a 33% dump from its native peak after the gross sales stories emerged.
However, it stays throughout the prime 100 alts as its personal market cap sits at round $600 million. However, its demise because the January 19 ATH is greater than evident, because it trades 97% away from that peak. Its all-time low got here final week at $1.37.
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