Well, folks, buckle up, because the TRUMP meme coin is doing what it does best—causing chaos. A wallet that we *think* is somehow connected to the TRUMP meme coin team just made a *massive* move: 4.167 million TRUMP tokens (valued at a whopping $47 million) were withdrawn from what we’re calling the “Squads Vault.” Don’t ask me what’s in the Vault, because I’m not sure anyone knows. But I’m guessing it’s not gold bars, more like digital confetti.
According to blockchain analytics firm Arkham (which sounds like it should be a villain lair, but sure), this wallet took those 4.167 million TRUMP tokens and sent them off to crypto exchanges like Binance, OKX, Bybit, and Coinbase. Now, you’d think they’d do something *cool* with it, but nope. This is the crypto world, so we’re all left speculating that the next move will be… you guessed it—THE DUMP. 🎉💰
🚨 BREAKING: A suspected team wallet just moved $47M worth of $TRUMP meme coin to exchanges.
👀 Is a major dump incoming?
— The Crypto Times (@CryptoTimes_io) June 4, 2025
As of now, TRUMP is trading at $11.17, which, in case you’re wondering, is almost 13% less than it was just a week ago. The token is now down a staggering 85.16% from its all-time high. So, if you invested in this thing expecting to retire in the Hamptons, you might want to consider a new plan. 🤷♂️
May was a crazy month for TRUMP, with massive trading volume spikes thanks to some vague hype about the Trump Gala Dinner. Now, though? Not so much. The coin is *flowing into the void*, and I think we all know what that means: goodbye, hype, hello, existential crisis. 🙃
Let’s not forget that this coin has always been… controversial. Launched by U.S. President Donald Trump (because why not?), the project has had its fair share of side-eye moments. The token is somehow linked to Trump-backed entities like CIC Digital LLC and Fight Fight Fight LLC, both of which reportedly control 80% of the coin’s supply. Sounds like a party, doesn’t it? 🙄
Things got so wild with this coin that its market cap shot up to $70 billion within 60 hours of its release. (What?!) This *adrenaline rush* caused a backlog on the Solana network. Apparently, crypto does *not* handle it when everyone wants to jump in at once. Go figure. 🙃
So, is this latest move going to lead to another “dump”? Probably. But remember, history has a way of repeating itself. A similar transfer in May (3.5 million TRUMP tokens worth $52.48 million) caused a 35% spike in trading volume. If that doesn’t scream volatility, I don’t know what does. Hold your breath, because this rollercoaster is far from over.
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2025-06-04 09:57